Richelieu Hardware (TSE:RCH) Shares Cross Below 200-Day Moving Average – What’s Next?

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.

Richelieu Hardware Trading Down 0.2 %

The stock has a market capitalization of C$2.08 billion, a price-to-earnings ratio of 23.31, a PEG ratio of 0.77 and a beta of 0.94. 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 business has a 50 day simple moving average of C$38.82 and a 200-day simple moving average of C$39.14.

Insider Buying and Selling

In related news, Senior Officer Antoine Auclair sold 5,400 shares of the 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, Senior Officer Guy Grenier sold 3,000 shares of the business’s stock in a transaction that occurred on Friday, November 8th. The shares were sold at an average price of C$37.54, for a total value of C$112,632.90. 7.62% of the stock is owned by company insiders.

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.