Richelieu Hardware (TSE:RCH) Stock Crosses Above 200-Day Moving Average – Should You Sell?

Shares of Richelieu Hardware Ltd. (TSE:RCH) crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of C$34.88 and traded as high as C$37.00. Richelieu Hardware shares last traded at C$36.57, with a volume of 53,204 shares traded.

Wall Street Analyst Weigh In

Separately, National Bankshares lowered their target price on Richelieu Hardware from C$37.50 to C$37.00 and set a “sector perform” rating for the company in a research note on Thursday, June 26th. One analyst has rated the stock with a Hold rating, Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of C$37.50.

Richelieu Hardware Price Performance

The firm has a 50 day moving average of C$35.85 and a two-hundred day moving average of C$34.88. The company has a market cap of C$2.02 billion, a PE ratio of 24.38, a P/E/G ratio of 0.77 and a beta of 0.73. The company has a current ratio of 3.46, a quick ratio of 0.72 and a debt-to-equity ratio of 26.37.

Richelieu Hardware Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, August 7th. Stockholders of record on Thursday, August 7th were given a $0.1533 dividend. This represents a $0.61 annualized dividend and a dividend yield of 1.7%. The ex-dividend date of this dividend was Thursday, July 24th. Richelieu Hardware’s payout ratio is currently 40.44%.

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.