Richelieu Hardware (TSE:RCH) Reaches New 1-Year Low – Here’s Why

Richelieu Hardware Ltd. (TSE:RCH)’s share price reached a new 52-week low during mid-day trading on Monday . The stock traded as low as C$31.95 and last traded at C$32.09, with a volume of 17735 shares trading hands. The stock had previously closed at C$33.39.

Analyst Ratings Changes

Separately, CIBC increased their price target on Richelieu Hardware from C$32.00 to C$38.00 in a research note on Monday.

Richelieu Hardware Stock Up 0.7 %

The stock has a fifty day moving average of C$35.28 and a 200-day moving average of C$37.87. The company has a current ratio of 3.46, a quick ratio of 0.72 and a debt-to-equity ratio of 26.37. The firm has a market capitalization of C$1.83 billion, a price-to-earnings ratio of 20.46, a PEG ratio of 0.77 and a beta of 0.94.

Richelieu Hardware Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, May 8th. Stockholders of record on Thursday, May 8th will be issued a dividend of $0.1533 per share. The ex-dividend date is Thursday, April 24th. This represents a $0.61 dividend on an annualized basis and a dividend yield of 1.86%. Richelieu Hardware’s dividend payout ratio is currently 37.34%.

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.