Richelieu Hardware (TSE:RCH) Sets New 52-Week Low – What’s Next?

Richelieu Hardware Ltd. (TSE:RCH)’s share price hit a new 52-week low during trading on Monday . The company traded as low as C$35.68 and last traded at C$35.89, with a volume of 93534 shares. The stock had previously closed at C$36.65.

Analysts Set New Price Targets

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

Richelieu Hardware Stock Performance

The company has a debt-to-equity ratio of 26.37, a quick ratio of 0.72 and a current ratio of 3.46. The stock has a market cap of C$2.00 billion, a PE ratio of 22.41, a price-to-earnings-growth ratio of 0.77 and a beta of 0.94. The firm has a fifty day moving average price of C$39.05 and a 200 day moving average price of C$39.02.

Richelieu Hardware Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, February 13th. Shareholders of record on Thursday, February 13th were paid a $0.1533 dividend. The ex-dividend date of this dividend was Thursday, January 30th. This is a boost from Richelieu Hardware’s previous quarterly dividend of $0.15. This represents a $0.61 dividend on an annualized basis and a yield of 1.70%. Richelieu Hardware’s dividend payout ratio (DPR) is 37.34%.

Richelieu Hardware Company Profile

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.