K-Bro Linen (TSE:KBL) Stock Price Passes Above 200 Day Moving Average - Time to Sell?

K-Bro Linen Inc. (TSE:KBL - Get Free Report)'s stock price crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of C$34.74 and traded as high as C$35.10. K-Bro Linen shares last traded at C$34.89, with a volume of 3,443 shares trading hands.

Wall Street Analyst Weigh In

Separately, Raymond James raised their target price on shares of K-Bro Linen from C$40.00 to C$45.00 in a research note on Thursday, August 8th.

K-Bro Linen Trading Up 0.0 %

The firm has a market capitalization of C$365.05 million, a P/E ratio of 21.54, a PEG 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. The stock has a fifty day simple moving average of C$35.91 and a 200 day simple moving average of C$34.74.

K-Bro Linen (TSE:KBL - Get Free Report) last issued its earnings results on Tuesday, August 6th. The company reported C$0.59 earnings per share (EPS) for the quarter, beating the consensus estimate of C$0.51 by C$0.08. K-Bro Linen had a return on equity of 9.76% and a net margin of 5.03%. The company had revenue of C$93.47 million for the quarter, compared to the consensus estimate of C$88.57 million. As a group, research analysts forecast that K-Bro Linen Inc. will post 2.3389262 EPS for the current year.

K-Bro Linen Announces Dividend

The business also recently announced a monthly dividend, which will be paid on Tuesday, October 15th. Investors of record on Monday, September 30th will be given a dividend of $0.10 per share. The ex-dividend date is Monday, September 30th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 3.44%. K-Bro Linen's dividend payout ratio is 74.07%.

Insider Buying and Selling at K-Bro Linen

In other K-Bro Linen news, Senior Officer Jeffrey Ronald Gannon sold 1,100 shares of the stock in a transaction dated Thursday, September 19th. The shares were sold at an average price of C$36.01, for a total transaction of C$39,611.00. 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.