Richelieu Hardware (TSE:RCH) Trading Down 2.7% – Here’s What Happened

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

Richelieu Hardware Stock Performance

The stock’s 50 day moving average price is C$38.98 and its 200 day moving average price is C$39.28. The company has a current ratio of 3.46, a quick ratio of 0.72 and a debt-to-equity ratio of 26.31. The company has a market cap of C$2.16 billion, a price-to-earnings ratio of 24.28, a P/E/G ratio of 0.77 and a beta of 0.94.

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

Richelieu Hardware Announces Dividend

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

Insiders Place Their Bets

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