Richelieu Hardware (TSE:RCH) Stock Price Crosses Above 200 Day Moving Average of $25.00
Shares of Richelieu Hardware Ltd. (TSE:RCH) crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $25.00 and traded as high as $27.18. Richelieu Hardware shares last traded at $26.66, with a volume of 43,461 shares changing hands.
Separately, National Bank Financial raised their price target on Richelieu Hardware from C$28.00 to C$28.50 and gave the stock an “outperform” rating in a research report on Friday, October 4th.
The stock has a market cap of $1.52 billion and a P/E ratio of 23.10. The company has a quick ratio of 1.61, a current ratio of 4.52 and a debt-to-equity ratio of 1.39. The company has a 50-day simple moving average of C$27.00 and a two-hundred day simple moving average of C$25.06.
In related news, Senior Officer Geneviève Quevillon sold 2,500 shares of the business’s stock in a transaction dated Wednesday, October 16th. The shares were sold at an average price of C$26.46, for a total transaction of C$66,144.25. Also, Senior Officer Antoine Auclair sold 30,000 shares of the business’s stock in a transaction dated Tuesday, October 22nd. The stock was sold at an average price of C$27.01, for a total transaction of C$810,441.00. Following the sale, the insider now directly owns 2,335 shares in the company, valued at approximately C$63,079.32.
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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