Richelieu Hardware (TSE:RCH) Stock Price Crosses Above 200-Day Moving Average of $22.96

Shares of Richelieu Hardware Ltd. (TSE:RCH) passed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $22.96 and traded as high as $25.78. Richelieu Hardware shares last traded at $25.73, with a volume of 19,902 shares changing hands.

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

The company has a debt-to-equity ratio of 5.05, a quick ratio of 1.42 and a current ratio of 4.01. The stock has a market capitalization of $1.44 billion and a P/E ratio of 22.43. The firm’s fifty day simple moving average is C$25.03 and its 200 day simple moving average is C$22.96.

Richelieu Hardware (TSE:RCH) last released its earnings results on Thursday, July 4th. The company reported C$0.34 EPS for the quarter, beating the consensus estimate of C$0.28 by C$0.06. The firm had revenue of C$281.18 million during the quarter, compared to the consensus estimate of C$267.30 million. Analysts anticipate that Richelieu Hardware Ltd. will post 1.26 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Thursday, August 1st. Shareholders of record on Thursday, August 1st were issued a $0.0633 dividend. This represents a $0.25 annualized dividend and a yield of 0.98%. The ex-dividend date was Wednesday, July 17th. Richelieu Hardware’s dividend payout ratio is currently 21.42%.

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

Further Reading: Options Trading – Understanding Strike Price

Receive News & Ratings for Richelieu Hardware Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Richelieu Hardware and related companies with's FREE daily email newsletter.