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Richelieu Hardware (TSE:RCH) Stock Price Crosses Below 200 Day Moving Average - Here's Why

Richelieu Hardware logo with Consumer Cyclical background

Key Points

  • Richelieu Hardware Ltd. shares fell below their 200-day moving average of C$34.83, trading as low as C$34.43.
  • National Bankshares downgraded the company's price target from C$37.50 to C$37.00 and issued a "sector perform" rating.
  • The company has a dividend yield of 1.7%, with a quarterly dividend of $0.1533 set to be paid on November 16th.
  • Five stocks to consider instead of Richelieu Hardware.

Shares of Richelieu Hardware Ltd. (TSE:RCH - Get Free Report) crossed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of C$34.83 and traded as low as C$34.43. Richelieu Hardware shares last traded at C$35.50, with a volume of 450,729 shares trading hands.

Wall Street Analyst Weigh In

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

Check Out Our Latest Analysis on Richelieu Hardware

Richelieu Hardware Price Performance

The firm has a market capitalization of C$1.96 billion, a P/E ratio of 23.36, a P/E/G ratio of 0.77 and a beta of 0.81. 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 stock's fifty day simple moving average is C$35.41 and its 200 day simple moving average is C$34.83.

Richelieu Hardware Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Sunday, November 16th. Shareholders of record on Sunday, November 16th will be issued a $0.1533 dividend. The ex-dividend date is Thursday, October 23rd. This represents a $0.61 dividend on an annualized basis and a yield of 1.7%. Richelieu Hardware's payout ratio is currently 40.13%.

Richelieu Hardware Company Profile

(Get Free Report)

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.

Further Reading

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