Richelieu Hardware (OTCMKTS:RHUHF) Stock Crosses Below 200 Day Moving Average of $27.65

Richelieu Hardware Ltd. (OTCMKTS:RHUHF – Get Rating) crossed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $27.65 and traded as low as $27.09. Richelieu Hardware shares last traded at $27.11, with a volume of 400 shares.

Analyst Upgrades and Downgrades

RHUHF has been the topic of several research reports. TD Securities cut Richelieu Hardware from a “buy” rating to a “hold” rating in a report on Friday, October 7th. National Bank Financial upped their price target on shares of Richelieu Hardware from C$54.50 to C$55.00 in a report on Friday, October 7th. Finally, CIBC reduced their target price on shares of Richelieu Hardware from C$47.00 to C$46.00 in a research note on Tuesday, January 10th.

Richelieu Hardware Price Performance

The firm’s 50 day simple moving average is $27.74 and its 200-day simple moving average is $27.65.

About Richelieu Hardware

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Richelieu Hardware Ltd. manufactures, imports, and distributes specialty hardware and complementary products in North America. The company's principal product categories include furniture, glass and building decorative and functional hardware, lighting systems, finishing and decorating products, ergonomic workstation components, kitchen and closet storage solutions, sliding door systems, decorative and functional panels, high-pressure laminates, railing and balusters, and floor protection products, as well as accessories for power tools.