K-Bro Linen (TSE:KBL) Stock Crosses Above 200 Day Moving Average - Here's Why

Shares of K-Bro Linen Inc. (TSE:KBL - Get Free Report) crossed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of C$35.96 and traded as high as C$37.36. K-Bro Linen shares last traded at C$37.21, with a volume of 5,325 shares traded.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on KBL shares. TD Securities raised their price target on K-Bro Linen from C$46.00 to C$48.00 in a report on Friday, November 15th. Stifel Nicolaus boosted their price target 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 Stock Performance

The company's 50-day moving average price is C$37.71 and its two-hundred day moving average price is C$36.06. The company has a market cap of C$386.18 million, a P/E ratio of 22.79, 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.

Insider Buying and Selling

In other news, Senior Officer Sean Philip Curtis sold 7,000 shares of K-Bro Linen stock in a transaction on Tuesday, December 17th. The stock was sold at an average price of C$37.45, for a total transaction of C$262,150.00. Insiders have sold 11,400 shares of company stock worth $437,047 in the last three months. 3.25% of the stock is currently owned by insiders.

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.