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

Richelieu Hardware Ltd. (TSE:RCH) shares reached a new 52-week low on Thursday . The stock traded as low as C$33.17 and last traded at C$33.17, with a volume of 1637 shares. The stock had previously closed at C$33.42.

Wall Street Analysts Forecast Growth

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

Richelieu Hardware Trading Up 0.1 %

The firm’s 50-day simple moving average is C$37.59 and its 200 day simple moving average is C$38.44. The company has a debt-to-equity ratio of 26.37, a current ratio of 3.46 and a quick ratio of 0.72. The firm has a market capitalization of C$1.86 billion, a price-to-earnings ratio of 20.82, a P/E/G ratio of 0.77 and a beta of 0.94.

Richelieu Hardware Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, February 13th. Stockholders of record on Thursday, February 13th were issued a dividend of $0.1533 per share. The ex-dividend date of this dividend was Thursday, January 30th. This represents a $0.61 dividend on an annualized basis and a dividend yield of 1.83%. This is a boost from Richelieu Hardware’s previous quarterly dividend of $0.15. Richelieu Hardware’s payout ratio is 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.