Richelieu Hardware (TSE:RCH) Share Price Passes Below 50 Day Moving Average of $22.00

Shares of Richelieu Hardware Ltd. (TSE:RCH) crossed below its 50-day moving average during trading on Friday . The stock has a 50-day moving average of $22.00 and traded as low as $24.46. Richelieu Hardware shares last traded at $24.70, with a volume of 62,502 shares traded.

Separately, National Bank Financial reiterated a “hold” rating on shares of Alimentation Couche-Tard in a research note on Friday, July 5th.

The stock has a 50 day moving average of C$22.08. The company has a market cap of $1.41 billion and a P/E ratio of 21.24. The company has a debt-to-equity ratio of 5.05, a current ratio of 4.01 and a quick ratio of 1.42.

The business also recently announced a quarterly dividend, which will be paid on Thursday, August 1st. Investors of record on Thursday, August 1st will be paid a $0.0633 dividend. This represents a $0.25 dividend on an annualized basis and a yield of 1.04%. The ex-dividend date is Wednesday, July 17th. Richelieu Hardware’s dividend payout ratio (DPR) is presently 21.14%.

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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