Richelieu Hardware (TSE:RCH) Share Price Crosses Above 200-Day Moving Average – Here’s What Happened

Richelieu Hardware Ltd. (TSE:RCH)’s stock price passed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of C$40.75 and traded as high as C$40.85. Richelieu Hardware shares last traded at C$40.35, with a volume of 32,225 shares trading hands.

Richelieu Hardware Price Performance

The stock’s fifty day moving average price is C$39.43 and its 200-day moving average price is C$40.75. The firm has a market cap of C$2.22 billion, a price-to-earnings ratio of 25.87, a P/E/G ratio of 0.77 and a beta of 0.94. The company has a current ratio of 3.21, a quick ratio of 0.71 and a debt-to-equity ratio of 29.06.

Richelieu Hardware (TSE:RCH) last released its quarterly earnings data on Thursday, April 9th. The company reported C$0.26 EPS for the quarter. The firm had revenue of C$463.57 million for the quarter. Richelieu Hardware had a return on equity of 9.04% and a net margin of 4.35%.

Richelieu Hardware Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, May 7th. Stockholders of record on Thursday, May 7th were paid a $0.1566 dividend. This represents a $0.63 annualized dividend and a dividend yield of 1.6%. The ex-dividend date of this dividend was Thursday, April 23rd. Richelieu Hardware’s dividend payout ratio is 39.52%.

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. 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.