K-Bro Linen (TSE:KBL) Stock Price Passes Above 200-Day Moving Average – Should You Sell?

K-Bro Linen Inc. (TSE:KBL)’s stock price passed above its 200-day moving average during trading on Thursday . The stock has a 200-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.

Analyst Upgrades and Downgrades

A number of analysts recently commented on the company. TD Securities lifted their price objective on K-Bro Linen from C$46.00 to C$48.00 in a research report on Friday, November 15th. Stifel Nicolaus boosted their price objective on shares of K-Bro Linen from C$45.00 to C$46.00 in a research report on Friday, November 15th.

K-Bro Linen Price Performance

The company has a 50 day moving average of C$36.93 and a 200 day moving average of C$35.67. The stock 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 quick ratio of 0.87, a current ratio of 1.80 and a debt-to-equity ratio of 107.82.

K-Bro Linen Announces Dividend

The business also recently disclosed a monthly dividend, which was paid on Friday, November 15th. Stockholders 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 payout ratio is currently 74.07%.

Insider Buying and Selling

In other news, Senior Officer Sean Philip Curtis sold 7,000 shares of the firm’s stock in a transaction dated Tuesday, December 17th. The stock was sold at an average price of C$37.45, for a total value of C$262,150.00. Over the last three months, 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.