Richelieu Hardware (TSE:RCH) Shares Pass Above 200-Day Moving Average – Time to Sell?

Richelieu Hardware Ltd. (TSE:RCH)’s stock price passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of C$39.28 and traded as high as C$40.45. Richelieu Hardware shares last traded at C$38.28, with a volume of 53,021 shares.

Analyst Upgrades and Downgrades

Separately, CIBC reduced their target price on Richelieu Hardware from C$43.00 to C$42.00 in a report on Wednesday, January 15th.

Richelieu Hardware Stock Performance

The stock’s fifty day simple moving average is C$39.44 and its 200-day simple moving average is C$39.28. The company has a market capitalization of C$2.13 billion, a PE ratio of 23.93, a PEG ratio of 0.77 and a beta of 0.94. The company has a quick ratio of 0.72, a current ratio of 3.46 and a debt-to-equity ratio of 26.31.

Richelieu Hardware Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, February 13th. Shareholders of record on Thursday, February 13th will be issued a $0.1533 dividend. This is a positive change from Richelieu Hardware’s previous quarterly dividend of $0.15. The ex-dividend date is Thursday, January 30th. This represents a $0.61 annualized dividend and a yield of 1.60%. Richelieu Hardware’s dividend payout ratio is 37.50%.

About Richelieu Hardware

Richelieu Hardware Ltd. manufactures, imports, and distributes 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; railing and balusters; floor protection products; and power tool accessories.