Richelieu Hardware (TSE:RCH) Reaches New 52-Week Low - Should You Sell?

Richelieu Hardware Ltd. (TSE:RCH - Get Free Report) reached a new 52-week low during trading on Thursday . The company traded as low as C$33.17 and last traded at C$33.17, with a volume of 1637 shares trading hands. The stock had previously closed at C$33.42.

Analyst Ratings Changes

Separately, CIBC cut their price objective on shares of Richelieu Hardware from C$43.00 to C$42.00 in a report on Wednesday, January 15th.

Richelieu Hardware Stock Performance

The company's 50 day simple moving average is C$37.31 and its 200 day simple moving average is C$38.36. The company has a debt-to-equity ratio of 26.37, a quick ratio of 0.72 and a current ratio of 3.46. The stock has a market cap of C$1.85 billion, a PE ratio of 20.73, a price-to-earnings-growth ratio of 0.77 and a beta of 0.94.

Richelieu Hardware Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, February 13th. Shareholders of record on Thursday, February 13th were paid a $0.1533 dividend. This represents a $0.61 dividend on an annualized basis and a yield of 1.84%. The ex-dividend date was Thursday, January 30th. This is an increase from Richelieu Hardware's previous quarterly dividend of $0.15. Richelieu Hardware's dividend payout ratio is 37.34%.

About Richelieu Hardware

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.