Richelieu Hardware (TSE:RCH) Shares Pass Above Two Hundred Day Moving Average - Time to 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)'s stock price passed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred 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.

Analyst Ratings Changes

Separately, National Bankshares cut their price objective on Richelieu Hardware from C$37.50 to C$37.00 and set a "sector perform" rating on the stock in a research report on Thursday, June 26th. One investment analyst has rated the stock with a Hold rating, According to MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average price target of C$37.50.

Richelieu Hardware Stock Down 0.2%

The firm has a 50 day moving average price of C$35.82 and a two-hundred day moving average price of C$34.81. The company has a quick ratio of 0.72, a current ratio of 3.46 and a debt-to-equity ratio of 26.37. The company has a market capitalization of C$1.95 billion, a price-to-earnings ratio of 23.51, a P/E/G ratio of 0.77 and a beta of 0.71.

Richelieu Hardware Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, August 7th. Stockholders of record on Thursday, August 7th were paid a dividend of $0.1533 per share. The ex-dividend date was Thursday, July 24th. This represents a $0.61 annualized dividend and a dividend yield of 1.7%. Richelieu Hardware's dividend payout ratio (DPR) is currently 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.