Richelieu Hardware (TSE:RCH) Shares Pass Below Two Hundred Day Moving Average – Time to Sell?

Richelieu Hardware Ltd. (TSE:RCH) crossed below its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of C$40.69 and traded as low as C$39.41. Richelieu Hardware shares last traded at C$40.22, with a volume of 136,768 shares trading hands.

Richelieu Hardware Stock Performance

The stock has a market capitalization of C$2.21 billion, a P/E ratio of 25.78, a PEG ratio of 0.77 and a beta of 0.94. The firm has a 50-day moving average of C$39.32 and a 200 day moving average of C$40.69. The company has a quick ratio of 0.71, a current ratio of 3.21 and a debt-to-equity ratio of 29.06.

Richelieu Hardware (TSE:RCH) last announced its quarterly earnings results on Thursday, April 9th. The company reported C$0.26 earnings per share (EPS) for the quarter. The firm 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 Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, May 7th. Stockholders of record on Thursday, May 7th were given a dividend of $0.1566 per share. This represents a $0.63 annualized dividend and a dividend yield of 1.6%. The ex-dividend date was Thursday, April 23rd. Richelieu Hardware’s payout ratio is 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.