K-Bro Linen (TSE:KBL) Shares Pass Above 200-Day Moving Average – Time to Sell?

Shares of K-Bro Linen Inc. (TSE:KBL) 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 the stock. Stifel Nicolaus lifted their target price on shares of K-Bro Linen from C$45.00 to C$46.00 in a research report on Friday, November 15th. TD Securities lifted 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 Down 4.8 %

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 company has a market cap of C$378.23 million, a price-to-earnings ratio of 22.32, a P/E/G ratio of 3.50 and a beta of 1.08. The business has a fifty day moving average price of C$36.93 and a two-hundred day moving average price of C$35.67.

K-Bro Linen Announces Dividend

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

Insider Activity at K-Bro Linen

In other K-Bro Linen news, Senior Officer Sean Philip Curtis sold 7,000 shares of the business’s stock in a transaction that occurred on Tuesday, December 17th. The shares were sold at an average price of C$37.45, for a total value of C$262,150.00. Over the last 90 days, insiders sold 11,400 shares of company stock valued at $437,047. Insiders own 3.25% of the company’s stock.

About K-Bro Linen

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.