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

Richelieu Hardware Ltd. (TSE:RCH) shares crossed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred 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 changing hands.

Analysts Set New Price Targets

Separately, CIBC cut their target price on shares of Richelieu Hardware from C$43.00 to C$42.00 in a research note on Wednesday, January 15th.

Richelieu Hardware Stock Down 1.4 %

The firm has a market cap of C$2.13 billion, a PE ratio of 23.93, a P/E/G 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. The firm’s 50 day moving average is C$39.44 and its 200-day moving average is C$39.28.

Richelieu Hardware Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, February 13th. Stockholders of record on Thursday, February 13th will be issued a dividend of $0.1533 per share. This is a boost 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 dividend yield of 1.60%. Richelieu Hardware’s dividend payout ratio (DPR) 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.