Richelieu Hardware (TSE:RCH) Reaches New 52-Week High at $28.50

Richelieu Hardware Ltd. (TSE:RCH) hit a new 52-week high during mid-day trading on Thursday . The company traded as high as C$28.50 and last traded at C$28.37, with a volume of 32177 shares. The stock had previously closed at C$27.76.

Separately, National Bank Financial upped their price objective on Richelieu Hardware from C$28.00 to C$28.50 and gave the company an “outperform” rating in a report on Friday, October 4th.

The firm has a 50 day simple moving average of C$27.12 and a 200-day simple moving average of C$26.08. The company has a debt-to-equity ratio of 1.39, a current ratio of 4.52 and a quick ratio of 1.61. The company has a market cap of $1.54 billion and a price-to-earnings ratio of 24.39.

In other news, Senior Officer Antoine Auclair sold 30,000 shares of the company’s stock in a transaction that occurred on Tuesday, October 22nd. The shares were sold at an average price of C$27.01, for a total value of C$810,441.00. Following the transaction, the insider now directly owns 2,335 shares in the company, valued at approximately C$63,079.32. Also, Senior Officer Geneviève Quevillon sold 2,500 shares of the company’s stock in a transaction that occurred on Wednesday, October 16th. The stock was sold at an average price of C$26.46, for a total transaction of C$66,144.25.

About Richelieu Hardware (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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