Richelieu Hardware Ltd. (OTCMKTS:RHUHF – Get Rating)’s stock price passed below its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $27.78 and traded as low as $27.62. Richelieu Hardware shares last traded at $27.62, with a volume of 400 shares changing hands.
Analysts Set New Price Targets
Several research firms have weighed in on RHUHF. National Bank Financial increased their target price on Richelieu Hardware from C$54.50 to C$55.00 in a research note on Friday, October 7th. TD Securities lowered Richelieu Hardware from a “buy” rating to a “hold” rating in a research note on Friday, October 7th.
Richelieu Hardware Trading Up 4.0 %
The stock has a 50-day moving average price of $26.72 and a 200 day moving average price of $27.78.
About Richelieu Hardware
Richelieu Hardware Ltd. engages in the import, distribution, and manufacture of specialty hardware and complementary products. Its products include decorative hardware; screws and fasteners; furniture equipment; kitchen and bathroom accessories; sliding system solutions; glass hardware; surfaces, panels, and edgebanding; glues, silicons, and caulking; tools and shop supplies; abrasive and finishing products; and builders’ hardware.
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