Richelieu Hardware (RCH) Sets New 1-Year Low at $24.90

Richelieu Hardware Ltd. (TSE:RCH)’s share price reached a new 52-week low during mid-day trading on Wednesday . The company traded as low as C$24.90 and last traded at C$25.02, with a volume of 68596 shares changing hands. The stock had previously closed at C$25.23.

The company has a quick ratio of 1.77, a current ratio of 4.98 and a debt-to-equity ratio of 0.15.

Richelieu Hardware (TSE:RCH) last posted its quarterly earnings data on Thursday, October 4th. The company reported C$0.32 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of C$0.33 by C($0.01). The company had revenue of C$260.57 million during the quarter, compared to the consensus estimate of C$270.00 million. As a group, sell-side analysts forecast that Richelieu Hardware Ltd. will post 1.38999988283526 EPS for the current year.

The company also recently announced a quarterly dividend, which was paid on Thursday, November 1st. Shareholders of record on Thursday, November 1st were issued a $0.06 dividend. This represents a $0.24 annualized dividend and a dividend yield of 0.91%. The ex-dividend date was Wednesday, October 17th. Richelieu Hardware’s dividend payout ratio is 20.06%.

In other Richelieu Hardware news, insider Guy Grenier sold 8,000 shares of the company’s stock in a transaction on Friday, August 24th. The stock was sold at an average price of C$30.40, for a total value of C$243,200.00.

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About Richelieu Hardware (TSE:RCH)

Richelieu Hardware Ltd. imports, distributes, and manufactures 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, and floor protection products.

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