Richelieu Hardware (TSE:RCH) Sets New 1-Year Low – Time to Sell?

Shares of Richelieu Hardware Ltd. (TSE:RCH) hit a new 52-week low during trading on Tuesday . The company traded as low as C$34.92 and last traded at C$35.02, with a volume of 37275 shares traded. The stock had previously closed at C$35.31.

Analyst Ratings Changes

Separately, CIBC reduced their price objective on shares of 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 market cap of C$1.85 billion, a PE ratio of 20.78, a PEG ratio of 0.77 and a beta of 0.94. The stock has a 50 day simple moving average of C$38.49 and a two-hundred day simple moving average of C$38.83. The company has a debt-to-equity ratio of 26.37, a current ratio of 3.46 and a quick ratio of 0.72.

Richelieu Hardware Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, February 13th. Stockholders of record on Thursday, February 13th were issued a $0.1533 dividend. This represents a $0.61 dividend on an annualized basis and a dividend yield of 1.84%. This is a boost from Richelieu Hardware’s previous quarterly dividend of $0.15. The ex-dividend date of this dividend was Thursday, January 30th. Richelieu Hardware’s dividend payout ratio is presently 37.34%.

About Richelieu Hardware

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.