Richelieu Hardware (TSE:RCH) Stock Crosses Below Two Hundred Day Moving Average – Here’s What Happened

Shares of Richelieu Hardware Ltd. (TSE:RCH) passed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of C$39.14 and traded as low as C$36.80. Richelieu Hardware shares last traded at C$37.30, with a volume of 64,540 shares changing hands.

Wall Street Analyst Weigh In

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

Richelieu Hardware Price Performance

The company has a quick ratio of 0.72, a current ratio of 3.46 and a debt-to-equity ratio of 26.31. The company has a market cap of C$2.09 billion, a price-to-earnings ratio of 23.49, a PEG ratio of 0.77 and a beta of 0.94. The stock’s 50-day simple moving average is C$38.83 and its 200 day simple moving average is C$39.13.

Insider Activity

In related news, Senior Officer Guy Grenier sold 3,000 shares of the business’s stock in a transaction on Friday, November 8th. The stock was sold at an average price of C$37.54, for a total value of C$112,632.90. Also, Senior Officer Antoine Auclair sold 5,400 shares of the firm’s stock in a transaction dated Tuesday, November 12th. The shares were sold at an average price of C$38.26, for a total value of C$206,605.62. Insiders own 7.62% of the company’s stock.

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.