Richelieu Hardware (TSE:RCH) Reaches New 52-Week Low – Here’s Why

Shares of Richelieu Hardware Ltd. (TSE:RCH) reached a new 52-week low during trading on Thursday . The company 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.

Analyst Ratings Changes

Separately, CIBC dropped 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 Down 0.9 %

The firm has a market cap of C$1.85 billion, a PE ratio of 20.73, a PEG ratio of 0.77 and a beta of 0.94. 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 business has a 50-day moving average price of C$37.31 and a two-hundred day moving average price of C$38.36.

Richelieu Hardware Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, February 13th. Shareholders of record on Thursday, February 13th were issued a dividend of $0.1533 per share. This is an increase from Richelieu Hardware’s previous quarterly dividend of $0.15. This represents a $0.61 annualized dividend and a yield of 1.84%. The ex-dividend date of this dividend was Thursday, January 30th. Richelieu Hardware’s dividend payout ratio (DPR) 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.