Richelieu Hardware (TSE:RCH) Hits New 1-Year Low – What’s Next?

Shares of Richelieu Hardware Ltd. (TSE:RCH) hit a new 52-week low during mid-day trading on Friday . The company traded as low as C$36.27 and last traded at C$36.29, with a volume of 47781 shares. The stock had previously closed at C$37.36.

Wall Street Analysts Forecast Growth

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

Richelieu Hardware Stock Performance

The company has a quick ratio of 0.72, a current ratio of 3.46 and a debt-to-equity ratio of 26.37. The firm has a 50 day moving average price of C$39.24 and a 200 day moving average price of C$39.18. The stock has a market cap of C$2.01 billion, a PE ratio of 22.51, a price-to-earnings-growth ratio of 0.77 and a beta of 0.94.

Richelieu Hardware Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, February 13th. Shareholders of record on Thursday, February 13th were given a dividend of $0.1533 per share. This is an increase from Richelieu Hardware’s previous quarterly dividend of $0.15. The ex-dividend date was Thursday, January 30th. This represents a $0.61 dividend on an annualized basis and a yield of 1.70%. Richelieu Hardware’s dividend payout ratio (DPR) is 37.34%.

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.