Richelieu Hardware (TSE:RCH) Stock Price Passes Above Two Hundred Day Moving Average - Should You Sell?

Key Points

• Richelieu Hardware (TSE:RCH) recently crossed above its 200-day moving average of C$34.85, reaching a high of C$36.56 during trading.
• National Bankshares updated their target price for Richelieu Hardware from C$37.50 to C$37.00 and maintains a "sector perform" rating.
• The company declared a quarterly dividend of $0.1533 per share, representing an annualized yield of 1.7% with a payout ratio of 40.44%.

Richelieu Hardware Ltd. (TSE:RCH - Get Free Report) passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of C$34.85 and traded as high as C$36.56. Richelieu Hardware shares last traded at C$35.91, with a volume of 47,358 shares changing hands.

Analysts Set New Price Targets

Separately, National Bankshares decreased their target price on Richelieu Hardware from C$37.50 to C$37.00 and set a "sector perform" rating for the company in a research report on Thursday, June 26th. One investment analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus price target of C$37.50.

Richelieu Hardware Stock Up 0.3%

The business has a 50-day simple moving average of C$35.82 and a two-hundred day simple moving average of C$34.84. The company has a debt-to-equity ratio of 26.37, a quick ratio of 0.72 and a current ratio of 3.46. The company has a market capitalization of C$1.95 billion, a price-to-earnings ratio of 23.56, a PEG ratio of 0.77 and a beta of 0.71.

Richelieu Hardware Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, August 7th. Shareholders of record on Thursday, August 7th were given a dividend of $0.1533 per share. This represents a $0.61 dividend on an annualized basis and a yield of 1.7%. The ex-dividend date of this dividend was Thursday, July 24th. Richelieu Hardware's dividend payout ratio (DPR) is presently 40.44%.

About Richelieu Hardware

Richelieu Hardware Ltd is a Canada-based company that imports, manufactures, and distributes specialty hardware and complementary products. Headquartered in Montreal, the company operates across Canada and the eastern and midwestern regions of the United States. The majority of the company's sales are derived from its operations in Canada.