Richelieu Hardware (TSE:RCH) Reaches New 52-Week Low – Should You Sell?

Shares of Richelieu Hardware Ltd. (TSE:RCH) reached a new 52-week low during mid-day trading on Friday . The company traded as low as C$36.27 and last traded at C$36.29, with a volume of 47781 shares changing hands. The stock had previously closed at C$37.36.

Analyst Upgrades and Downgrades

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

Richelieu Hardware Stock Down 3.2 %

The business has a 50-day moving average of C$39.24 and a 200-day moving average of C$39.18. 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 capitalization of C$2.01 billion, a price-to-earnings ratio of 22.51, a P/E/G ratio of 0.77 and a beta of 0.94.

Richelieu Hardware Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, February 13th. Stockholders of record on Thursday, February 13th were issued a $0.1533 dividend. This is a positive change from Richelieu Hardware’s previous quarterly dividend of $0.15. This represents a $0.61 annualized dividend and a dividend yield of 1.70%. The ex-dividend date of this dividend was Thursday, January 30th. Richelieu Hardware’s dividend payout ratio 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.