Richelieu Hardware (TSE:RCH) Sets New 1-Year Low - Here's Why

Richelieu Hardware Ltd. (TSE:RCH - Get Free Report)'s stock price hit a new 52-week low on Friday . The company traded as low as C$32.52 and last traded at C$32.73, with a volume of 14776 shares traded. The stock had previously closed at C$33.17.

Analysts Set New Price Targets

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

Richelieu Hardware Stock Up 5.0 %

The business's 50 day simple moving average is C$36.00 and its 200 day simple moving average is C$38.09. 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 firm has a market capitalization of C$1.98 billion, a PE ratio of 22.22, a PEG ratio of 0.77 and a beta of 0.94.

Richelieu Hardware Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, February 13th. Stockholders of record on Thursday, February 13th were paid a $0.1533 dividend. This represents a $0.61 annualized dividend and a dividend yield of 1.72%. This is a positive change from Richelieu Hardware's previous quarterly dividend of $0.15. The ex-dividend date of this dividend was Thursday, January 30th. Richelieu Hardware's dividend payout ratio (DPR) is presently 37.34%.

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.