Richelieu Hardware (TSE:RCH) Shares Cross Above Two Hundred Day Moving Average - Should You Sell?

Richelieu Hardware Ltd. (TSE:RCH - Get Free Report)'s share price passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of C$35.62 and traded as high as C$35.83. Richelieu Hardware shares last traded at C$34.96, with a volume of 53,280 shares trading hands.

Analyst Ratings Changes

Several research analysts have recently issued reports on the stock. National Bankshares decreased their price objective on shares of 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. CIBC raised their target price on shares of Richelieu Hardware from C$32.00 to C$38.00 in a report on Monday, April 14th.

Richelieu Hardware Price Performance

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$35.38 and its 200-day simple moving average is C$35.58. The company has a market capitalization of C$1.95 billion, a P/E ratio of 21.90, a PEG ratio of 0.77 and a beta of 0.94.

Richelieu Hardware Announces Dividend

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