Richelieu Hardware (TSE:RCH) Share Price Passes Above Two Hundred Day Moving Average – Here’s What Happened

Richelieu Hardware Ltd. (TSE:RCH) passed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of C$35.93 and traded as high as C$39.23. Richelieu Hardware shares last traded at C$38.84, with a volume of 66,130 shares traded.

Analysts Set New Price Targets

Separately, National Bankshares raised their target price on Richelieu Hardware from C$35.00 to C$40.50 and gave the company a “sector perform” rating in a research note on Tuesday, October 28th. One equities research analyst has rated the stock with a Hold rating, Based on data from MarketBeat, the company has an average rating of “Hold” and an average price target of C$39.25.

Richelieu Hardware Trading Up 0.4%

The business’s 50 day moving average price is C$36.70 and its two-hundred day moving average price is C$35.93. 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 company has a market capitalization of C$2.14 billion, a price-to-earnings ratio of 25.55, a price-to-earnings-growth ratio of 0.77 and a beta of 0.85.

Richelieu Hardware (TSE:RCH) last announced its earnings results on Thursday, October 9th. The company reported C$0.43 EPS for the quarter. The firm had revenue of C$499.20 million for the quarter. Richelieu Hardware had a return on equity of 9.84% and a net margin of 4.97%.

Richelieu Hardware Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Sunday, November 16th. Stockholders of record on Sunday, November 16th were issued a $0.1533 dividend. The ex-dividend date was Thursday, October 23rd. This represents a $0.61 annualized dividend and a dividend yield of 1.6%. Richelieu Hardware’s dividend payout ratio is 40.13%.

Insiders Place Their Bets

In related news, insider Guy Grenier sold 7,000 shares of Richelieu Hardware stock in a transaction dated Thursday, October 23rd. The stock was sold at an average price of C$36.73, for a total transaction of C$257,110.00. Following the transaction, the insider directly owned 50,289 shares of the company’s stock, valued at C$1,847,114.97. The trade was a 12.22% decrease in their ownership of the stock. 7.62% of the stock is owned by corporate insiders.

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.