K-Bro Linen (TSE:KBL) Shares Pass Above Two Hundred Day Moving Average – What’s Next?

K-Bro Linen Inc. (TSE:KBL)’s share price 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 changing hands.

Analyst Ratings Changes

A number of brokerages have recently issued reports on KBL. Stifel Nicolaus boosted their price objective on K-Bro Linen from C$45.00 to C$46.00 in a report on Friday, November 15th. TD Securities upped their price objective on K-Bro Linen from C$46.00 to C$48.00 in a report on Friday, November 15th.

K-Bro Linen Stock Up 2.1 %

The stock’s fifty day simple moving average is C$37.22 and its 200-day simple moving average is C$35.81. The stock has a market cap of C$380.33 million, a P/E ratio of 22.44, a P/E/G ratio of 3.50 and a beta of 1.08. The company has a debt-to-equity ratio of 107.82, a quick ratio of 0.87 and a current ratio of 1.80.

Insider Buying and Selling at K-Bro Linen

In related 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. Insiders sold 11,400 shares of company stock valued at $437,047 in the last three months. Corporate 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.