Richelieu Hardware (TSE:RCH) Stock Price Crosses Above Two Hundred Day Moving Average – Time to Sell?

Richelieu Hardware Ltd. (TSE:RCHGet Free Report)’s share price passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of C$40.75 and traded as high as C$40.85. Richelieu Hardware shares last traded at C$40.35, with a volume of 32,225 shares trading hands.

Richelieu Hardware Price Performance

The company has a debt-to-equity ratio of 29.06, a quick ratio of 0.71 and a current ratio of 3.21. The stock has a market cap of C$2.22 billion, a PE ratio of 25.87, a PEG ratio of 0.77 and a beta of 0.94. The stock’s 50-day moving average is C$39.43 and its two-hundred day moving average is C$40.75.

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

Richelieu Hardware Announces Dividend

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

About Richelieu Hardware

(Get Free Report)

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.

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