K-Bro Linen (TSE:KBL) Shares Pass Above Two Hundred Day Moving Average – Time to Sell?

K-Bro Linen Inc. (TSE:KBL) shares crossed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of C$35.63 and traded as high as C$37.99. K-Bro Linen shares last traded at C$37.99, with a volume of 1,000 shares changing hands.

Analysts Set New Price Targets

Several research analysts have recently weighed in on KBL shares. Stifel Nicolaus upped their target price on shares of K-Bro Linen from C$45.00 to C$46.00 in a research note on Friday, November 15th. TD Securities upped their price objective on shares of K-Bro Linen from C$46.00 to C$48.00 in a research report on Friday, November 15th.

K-Bro Linen Stock Performance

The company has a market capitalization of C$378.23 million, a price-to-earnings ratio of 22.32, a price-to-earnings-growth ratio of 3.50 and a beta of 1.08. The company has a current ratio of 1.80, a quick ratio of 0.87 and a debt-to-equity ratio of 107.82. The stock has a 50-day simple moving average of C$36.93 and a 200-day simple moving average of C$35.67.

K-Bro Linen Announces Dividend

The business also recently announced a monthly dividend, which was paid on Friday, November 15th. Stockholders of record on Thursday, October 31st were given a $0.10 dividend. This represents a $1.20 annualized dividend and a dividend yield of 3.32%. The ex-dividend date was Thursday, October 31st. K-Bro Linen’s payout ratio is currently 74.07%.

Insider Transactions at K-Bro Linen

In other news, Senior Officer Sean Philip Curtis sold 4,100 shares of the firm’s stock in a transaction dated Tuesday, December 10th. The shares were sold at an average price of C$39.75, for a total value of C$162,975.00. Over the last 90 days, insiders have sold 11,400 shares of company stock valued at $437,047. Insiders own 3.25% of the company’s stock.

K-Bro Linen Company Profile

K-Bro Linen Inc, together with its subsidiaries, provides laundry and linen services to healthcare institutions, hotels, and other commercial organizations in Canada and the United Kingdom. Its services include processing, management, and distribution of general and operating room linens, such as sheets, blankets, towels, surgical gowns, tablecloths, and drapes and other linens.