K-Bro Linen (TSE:KBL) Share Price Passes Above 200-Day Moving Average - What's Next?

Shares of K-Bro Linen Inc. (TSE:KBL - Get Free Report) passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of C$35.81 and traded as high as C$36.36. K-Bro Linen shares last traded at C$36.36, with a volume of 11,185 shares.

Analyst Ratings Changes

KBL has been the subject of several recent research reports. Stifel Nicolaus raised their price objective on K-Bro Linen from C$45.00 to C$46.00 in a research report on Friday, November 15th. TD Securities boosted their price objective on shares of K-Bro Linen from C$46.00 to C$48.00 in a research note on Friday, November 15th.

K-Bro Linen Stock Up 2.1 %

The company has a debt-to-equity ratio of 107.82, a current ratio of 1.80 and a quick ratio of 0.87. The stock has a 50 day simple moving average of C$37.22 and a 200-day simple moving average of C$35.81. The firm has a market cap of C$380.33 million, a PE ratio of 22.44, a PEG ratio of 3.50 and a beta of 1.08.

Insider Buying and Selling at K-Bro Linen

In other 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 transaction of C$262,150.00. In the last ninety days, insiders sold 11,400 shares of company stock worth $437,047. 3.25% of the stock is owned by corporate insiders.

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.