Richelieu Hardware (TSE:RCH) Stock Crosses Below 200 Day Moving Average – Here’s Why

Richelieu Hardware Ltd. (TSE:RCH)’s stock price passed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of C$40.50 and traded as low as C$38.69. Richelieu Hardware shares last traded at C$39.39, with a volume of 41,313 shares traded.

Richelieu Hardware Trading Down 1.0%

The firm has a market capitalization of C$2.17 billion, a PE ratio of 25.25, a price-to-earnings-growth ratio of 0.77 and a beta of 0.78. The stock’s 50-day moving average price is C$39.71 and its 200 day moving average price is C$40.50. The company has a debt-to-equity ratio of 29.06, a current ratio of 3.21 and a quick ratio of 0.72.

Richelieu Hardware (TSE:RCH) last issued its earnings results on Thursday, April 9th. The company reported C$0.26 EPS for the quarter. The business had revenue of C$463.57 million for the quarter. Richelieu Hardware had a net margin of 4.35% and a return on equity of 9.04%.

Richelieu Hardware Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, May 7th. Investors of record on Thursday, May 7th were issued a dividend of $0.1566 per share. This represents a $0.63 annualized dividend and a yield of 1.6%. The ex-dividend date of this dividend was Thursday, April 23rd. Richelieu Hardware’s dividend payout ratio (DPR) is presently 39.52%.

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. Richelieu’s products include furniture, glass, decorative, window, and door hardware, lighting systems, and kitchen and closet storage. The firm primarily serves home furnishing manufacturers, residential and commercial woodworkers, hardware retailers, and renovation superstores.