Richelieu Hardware (TSE:RCH) Sets New 12-Month Low – Here’s Why

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

Analyst Ratings Changes

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

Richelieu Hardware Price Performance

The firm has a market capitalization of C$2.00 billion, a PE ratio of 22.41, a P/E/G ratio of 0.77 and a beta of 0.94. The firm’s fifty day moving average price is C$39.05 and its 200 day moving average price is C$39.02. The company has a current ratio of 3.46, a quick ratio of 0.72 and a debt-to-equity ratio of 26.37.

Richelieu Hardware Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, February 13th. Shareholders of record on Thursday, February 13th were given 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 1.70%. The ex-dividend date of this dividend was Thursday, January 30th. Richelieu Hardware’s dividend payout ratio (DPR) is currently 37.34%.

About Richelieu Hardware

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.