Richelieu Hardware (TSE:RCH) Stock Crosses Below Two Hundred Day Moving Average – Here’s What Happened

Richelieu Hardware Ltd. (TSE:RCH) shares crossed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of C$39.14 and traded as low as C$36.80. Richelieu Hardware shares last traded at C$37.30, with a volume of 64,540 shares traded.

Analyst Ratings Changes

Separately, CIBC lowered their price objective on Richelieu Hardware from C$43.00 to C$42.00 in a report on Wednesday.

Richelieu Hardware Stock Up 0.9 %

The company has a current ratio of 3.46, a quick ratio of 0.72 and a debt-to-equity ratio of 26.31. The business has a fifty day simple moving average of C$38.83 and a two-hundred day simple moving average of C$39.13. The company has a market cap of C$2.09 billion, a PE ratio of 23.49, a price-to-earnings-growth ratio of 0.77 and a beta of 0.94.

Insider Buying and Selling

In other Richelieu Hardware news, Senior Officer Guy Grenier sold 3,000 shares of the firm’s stock in a transaction on Friday, November 8th. The stock was sold at an average price of C$37.54, for a total value of C$112,632.90. Also, Senior Officer Antoine Auclair sold 5,400 shares of the business’s stock in a transaction dated Tuesday, November 12th. The shares were sold at an average price of C$38.26, for a total transaction of C$206,605.62. 7.62% of the stock is currently owned by company insiders.

Richelieu Hardware Company Profile

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.