K-Bro Linen (TSE:KBL) Shares Pass Above 200 Day Moving Average – Time to Sell?

K-Bro Linen Inc. (TSE:KBL)’s stock price crossed 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

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

K-Bro Linen Price Performance

The stock has a market cap of C$380.33 million, a price-to-earnings ratio of 22.44, a price-to-earnings-growth 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. The company has a 50-day simple moving average of C$37.22 and a two-hundred day simple moving average of C$35.81.

Insider Buying and Selling at K-Bro Linen

In other K-Bro Linen news, Senior Officer Sean Philip Curtis sold 7,000 shares of the company’s stock in a transaction that occurred on 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 a total of 11,400 shares of company stock worth $437,047 over the last quarter. 3.25% of the stock is currently owned by 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.