Richelieu Hardware (TSE:RCH) Stock Price Passes Above 200 Day Moving Average of $0.00

Richelieu Hardware Ltd. (TSE:RCH) passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $0.00 and traded as high as $26.61. Richelieu Hardware shares last traded at $26.49, with a volume of 41,467 shares.

Separately, National Bank Financial boosted their price objective on shares of Richelieu Hardware from C$26.00 to C$28.00 and gave the company an “outperform” rating in a research report on Friday, July 5th.

The company has a quick ratio of 1.42, a current ratio of 4.01 and a debt-to-equity ratio of 5.05. The business’s 50-day simple moving average is C$23.86. The company has a market capitalization of $1.50 billion and a price-to-earnings ratio of 22.64.

Richelieu Hardware (TSE:RCH) last issued its quarterly earnings data on Thursday, July 4th. The company reported C$0.34 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of C$0.28 by C$0.06. The company had revenue of C$281.18 million for the quarter, compared to analysts’ expectations of C$267.30 million. As a group, analysts expect that Richelieu Hardware Ltd. will post 1.26 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, August 1st. Shareholders of record on Thursday, August 1st will be given a dividend of $0.0633 per share. This represents a $0.25 dividend on an annualized basis and a yield of 0.97%. The ex-dividend date of this dividend is Wednesday, July 17th. Richelieu Hardware’s payout ratio is currently 21.42%.

In other Richelieu Hardware news, Senior Officer Geneviève Quevillon sold 2,500 shares of the business’s stock in a transaction on Tuesday, July 23rd. The shares were sold at an average price of C$25.44, for a total transaction of C$63,607.50.

About Richelieu Hardware (TSE:RCH)

Richelieu Hardware Ltd. imports, distributes, and manufactures specialty hardware and complementary products in North America. 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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