Richelieu Hardware (TSE:RCH) Shares Cross Above 200 Day Moving Average - What's Next?

Key Points

• Richelieu Hardware shares recently surpassed their 200-day moving average, trading as high as C$36.73 before closing at C$36.60.
• National Bankshares revised its price target for the stock from C$37.50 to C$37.00 and assigned a "sector perform" rating.
• The company declared a quarterly dividend of $0.1533, yielding 1.7% with a payout ratio of 37.34%.

Richelieu Hardware Ltd. (TSE:RCH - Get Free Report) shares crossed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of C$35.21 and traded as high as C$36.73. Richelieu Hardware shares last traded at C$36.60, with a volume of 59,550 shares traded.

Analyst Upgrades and Downgrades

Separately, National Bankshares reduced their price target 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 analyst has rated the stock with a Hold rating, According to MarketBeat.com, Richelieu Hardware currently has an average rating of "Hold" and a consensus target price of C$37.50.

Richelieu Hardware Price Performance

The company has a market capitalization of C$2.01 billion, a P/E ratio of 22.54, a price-to-earnings-growth ratio of 0.77 and a beta of 0.94. The company has a debt-to-equity ratio of 26.37, a current ratio of 3.46 and a quick ratio of 0.72. The company's 50-day moving average price is C$35.50 and its two-hundred day moving average price is C$35.04.

Richelieu Hardware Dividend Announcement

The company 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 dividend on an annualized basis and a dividend yield of 1.7%. Richelieu Hardware's dividend payout ratio (DPR) is 37.34%.

Richelieu Hardware Company Profile

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.