Richelieu Hardware (RCH) Hits New 52-Week Low at $21.08

Richelieu Hardware Ltd. (TSE:RCH) shares reached a new 52-week low during mid-day trading on Monday . The stock traded as low as C$21.08 and last traded at C$21.10, with a volume of 71175 shares. The stock had previously closed at C$21.56.

Separately, National Bank Financial lowered their price target on shares of Richelieu Hardware from C$29.00 to C$26.00 and set an “outperform” rating for the company in a report on Friday, April 5th.

The company has a market cap of $1.23 billion and a PE ratio of 18.06. The company has a debt-to-equity ratio of 0.43, a quick ratio of 1.62 and a current ratio of 4.64.

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, May 2nd. Shareholders of record on Thursday, May 2nd will be paid a $0.0633 dividend. The ex-dividend date of this dividend is Wednesday, April 17th. This represents a $0.25 dividend on an annualized basis and a yield of 1.20%. Richelieu Hardware’s payout ratio is presently 20.51%.

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Richelieu Hardware Company Profile (TSE:RCH)

Richelieu Hardware Ltd. imports, distributes, and manufactures specialty hardware and complementary products in North America. 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, and floor protection products.

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