Richelieu Hardware (TSE:RCH) Stock Passes Below 200 Day Moving Average – Here’s Why

Richelieu Hardware Ltd. (TSE:RCH) shares 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 traded.

Richelieu Hardware Stock Down 0.2 %

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 firm has a 50-day moving average of C$38.82 and a 200 day moving average of C$39.14. 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.

Insider Activity

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