Richelieu Hardware Ltd. (TSE:RCH - Get Free Report) crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of C$39.23 and traded as high as C$41.85. Richelieu Hardware shares last traded at C$41.60, with a volume of 174,936 shares changing hands.
Analyst Ratings Changes
Separately, CIBC lowered their target price on shares of Richelieu Hardware from C$43.00 to C$42.00 in a report on Wednesday, January 15th.
View Our Latest Stock Analysis on Richelieu Hardware
Richelieu Hardware Price Performance
The firm has a market capitalization of C$2.29 billion, a price-to-earnings ratio of 25.68, a P/E/G ratio of 0.77 and a beta of 0.94. The company's 50 day moving average is C$39.55 and its 200-day moving average is C$39.27. The company has a current ratio of 3.46, a quick ratio of 0.72 and a debt-to-equity ratio of 26.31.
Richelieu Hardware Increases Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, February 13th. Shareholders of record on Thursday, February 13th will be given a dividend of $0.1533 per share. This is a boost from Richelieu Hardware's previous quarterly dividend of $0.15. The ex-dividend date is Thursday, January 30th. This represents a $0.61 annualized dividend and a yield of 1.49%. Richelieu Hardware's dividend payout ratio (DPR) is presently 37.50%.
Insider Buying and Selling
In related news, Senior Officer Guy Grenier sold 3,000 shares of Richelieu Hardware stock in a transaction on Friday, November 8th. The shares were sold at an average price of C$37.54, for a total transaction of C$112,632.90. Also, Senior Officer Antoine Auclair sold 5,400 shares of the company's stock in a transaction dated Tuesday, November 12th. The shares were sold at an average price of C$38.26, for a total value of C$206,605.62. 7.62% of the stock is owned by insiders.
About Richelieu Hardware
(
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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.
Further Reading
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