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

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

Wall Street Analyst Weigh In

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

Richelieu Hardware Stock Performance

The stock has a fifty day moving average of C$35.55 and a 200-day moving average of C$37.95. The company has a quick ratio of 0.72, a current ratio of 3.46 and a debt-to-equity ratio of 26.37. The stock has a market capitalization of C$1.80 billion, a PE ratio of 20.16, a price-to-earnings-growth ratio of 0.77 and a beta of 0.94.

Richelieu Hardware Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, May 8th. Investors of record on Thursday, May 8th will be paid 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 1.89%. 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.