Richelieu Hardware (TSE:RCH) Stock Price Down 2.7% – What’s Next?

Shares of Richelieu Hardware Ltd. (TSE:RCH) traded down 2.7% on Tuesday . The stock traded as low as C$38.69 and last traded at C$38.84. 64,830 shares changed hands during trading, an increase of 23% from the average session volume of 52,623 shares. The stock had previously closed at C$39.90.

Richelieu Hardware Stock Down 2.7 %

The stock’s fifty day simple moving average is C$38.98 and its two-hundred day simple moving average is C$39.28. The company has a debt-to-equity ratio of 26.31, a current ratio of 3.46 and a quick ratio of 0.72. The company has a market capitalization of C$2.16 billion, a price-to-earnings ratio of 24.28, a PEG ratio of 0.77 and a beta of 0.94.

Richelieu Hardware (TSE:RCH) last released its quarterly earnings data on Thursday, October 10th. The company reported C$0.41 earnings per share for the quarter, missing the consensus estimate of C$0.44 by C($0.03). Richelieu Hardware had a return on equity of 10.32% and a net margin of 4.97%. The business had revenue of C$467.75 million for the quarter, compared to analyst estimates of C$468.40 million.

Richelieu Hardware Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, November 7th. Investors of record on Thursday, October 24th were given a dividend of $0.15 per share. The ex-dividend date of this dividend was Thursday, October 24th. This represents a $0.60 dividend on an annualized basis and a yield of 1.54%. Richelieu Hardware’s dividend payout ratio is currently 37.50%.

Insiders Place Their Bets

In other Richelieu Hardware news, Director Lucie Chabot bought 1,300 shares of the stock in a transaction that occurred on Wednesday, October 16th. The shares were purchased at an average cost of C$38.00 per share, for a total transaction of C$49,393.50. Also, Senior Officer Antoine Auclair sold 5,400 shares of Richelieu Hardware stock in a transaction on Tuesday, November 12th. The shares were sold at an average price of C$38.26, for a total value of C$206,605.62. 7.62% of the stock is owned by corporate insiders.

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.