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

Shares of Richelieu Hardware Ltd. (TSE:RCH - Get Free Report) hit a new 52-week low on Monday . The company traded as low as C$35.68 and last traded at C$35.89, with a volume of 93534 shares. The stock had previously closed at C$36.65.

Wall Street Analysts Forecast Growth

Separately, CIBC dropped their price target on Richelieu Hardware from C$43.00 to C$42.00 in a research note on Wednesday, January 15th.

Richelieu Hardware Price Performance

The company has a debt-to-equity ratio of 26.37, a current ratio of 3.46 and a quick ratio of 0.72. The firm has a market capitalization of C$1.99 billion, a price-to-earnings ratio of 22.24, a PEG ratio of 0.77 and a beta of 0.94. The business's fifty day simple moving average is C$38.77 and its 200 day simple moving average is C$38.92.

Richelieu Hardware Increases Dividend

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

About Richelieu Hardware

Richelieu Hardware Ltd. manufactures, imports, and distributes specialty hardware and complementary products in Canada and the United States. 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; floor protection products; and power tool accessories.