Richelieu Hardware (TSE:RCH) Stock Price Passes Above 200 Day Moving Average – What’s Next?

Richelieu Hardware Ltd. (TSE:RCH) shares crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of C$38.99 and traded as high as C$42.27. Richelieu Hardware shares last traded at C$41.35, with a volume of 117,806 shares.

Wall Street Analyst Weigh In

Separately, Canadian Imperial Bank of Commerce increased their price objective on shares of Richelieu Hardware from C$37.00 to C$40.00 in a research note on Monday, January 19th. One analyst has rated the stock with a Hold rating, According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of C$40.25.

Richelieu Hardware Stock Up 0.6%

The company has a market capitalization of C$2.28 billion, a price-to-earnings ratio of 26.83, a P/E/G ratio of 0.77 and a beta of 0.82. The business has a fifty day simple moving average of C$42.44 and a two-hundred day simple moving average of C$39.02. The company has a quick ratio of 0.72, a current ratio of 3.29 and a debt-to-equity ratio of 28.79.

Richelieu Hardware (TSE:RCH) last issued its earnings results on Thursday, January 15th. The company reported C$0.47 earnings per share (EPS) for the quarter. The business had revenue of C$510.93 million during the quarter. Richelieu Hardware had a return on equity of 9.02% and a net margin of 4.37%.

Insider Buying and Selling at Richelieu Hardware

In other news, Director Marc Poulin sold 3,000 shares of the business’s stock in a transaction on Thursday, February 12th. The shares were sold at an average price of C$42.78, for a total value of C$128,340.00. Following the sale, the director owned 15,000 shares in the company, valued at approximately C$641,700. The trade was a 16.67% decrease in their position. Also, insider Antoine Auclair bought 2,500 shares of the stock in a transaction dated Friday, January 30th. The stock was purchased at an average cost of C$40.39 per share, for a total transaction of C$100,975.00. Following the acquisition, the insider owned 8,597 shares in the company, valued at C$347,232.83. The trade was a 41.00% increase in their position. Corporate insiders own 7.62% of the company’s stock.

Richelieu Hardware Company Profile

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. Richelieu’s products include furniture, glass, decorative, window, and door hardware, lighting systems, and kitchen and closet storage. The firm primarily serves home furnishing manufacturers, residential and commercial woodworkers, hardware retailers, and renovation superstores.