Richelieu Hardware (TSE:RCH) Hits New 52-Week Low - What's Next?

Richelieu Hardware Ltd. (TSE:RCH - Get Free Report)'s stock price reached a new 52-week low on Monday . The stock traded as low as C$31.95 and last traded at C$32.09, with a volume of 17735 shares changing hands. The stock had previously closed at C$33.39.

Analysts Set New Price Targets

Separately, CIBC upped their target price on shares of Richelieu Hardware from C$32.00 to C$38.00 in a research report on Monday, April 14th.

Richelieu Hardware Stock Performance

The firm has a market capitalization of C$1.81 billion, a P/E ratio of 20.30, a PEG ratio of 0.77 and a beta of 0.94. The company has a 50-day simple moving average of C$34.89 and a two-hundred day simple moving average of C$37.72. The company has a debt-to-equity ratio of 26.37, a quick ratio of 0.72 and a current ratio of 3.46.

Richelieu Hardware Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, May 8th. Shareholders of record on Thursday, May 8th will be paid a dividend of $0.1533 per share. This represents a $0.61 dividend on an annualized basis and a yield of 1.88%. The ex-dividend date of this dividend is Thursday, April 24th. Richelieu Hardware's 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.