Richelieu Hardware (TSE:RCH) Stock Price Crosses Above 200-Day Moving Average – Here’s Why

Richelieu Hardware Ltd. (TSE:RCH) shares passed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of C$37.58 and traded as high as C$41.66. Richelieu Hardware shares last traded at C$41.62, with a volume of 80,636 shares traded.

Analyst Ratings Changes

A number of brokerages have issued reports on RCH. National Bankshares upped their price objective on Richelieu Hardware from C$35.00 to C$40.50 and gave the company a “sector perform” rating in a research report on Tuesday, October 28th. CIBC boosted their target price on Richelieu Hardware from C$37.00 to C$40.00 in a research report on Monday, January 19th. One equities research analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of C$40.25.

Richelieu Hardware Price Performance

The company has a current ratio of 3.46, a quick ratio of 0.72 and a debt-to-equity ratio of 26.37. The company has a market capitalization of C$2.29 billion, a PE ratio of 26.85, a price-to-earnings-growth ratio of 0.77 and a beta of 0.72. The stock’s 50-day moving average is C$40.33 and its two-hundred day moving average is C$37.58.

Richelieu Hardware (TSE:RCH) last released its earnings results on Thursday, October 9th. The company reported C$0.43 EPS for the quarter. Richelieu Hardware had a return on equity of 9.84% and a net margin of 4.97%.The firm had revenue of C$499.20 million for the quarter.

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. Richelieu’s products include furniture, glass, decorative, window, and door hardware, lighting systems, and kitchen and closet storage. The firm primarily serves home furnishing manufacturers, residential and commercial woodworkers, hardware retailers, and renovation superstores.