K-Bro Linen (TSE:KBL) Stock Price Crosses Above 200 Day Moving Average of $33.60

K-Bro Linen Inc. (TSE:KBL)’s share price crossed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of C$33.60 and traded as high as C$36.06. K-Bro Linen shares last traded at C$34.83, with a volume of 5,110 shares trading hands.

Analyst Upgrades and Downgrades

Separately, TD Securities upped their target price on K-Bro Linen from C$43.00 to C$45.00 and gave the company a “buy” rating in a research report on Monday, March 25th.

K-Bro Linen Trading Up 0.4 %

The business has a 50 day moving average of C$34.39 and a two-hundred day moving average of C$33.64. The company has a debt-to-equity ratio of 70.83, a quick ratio of 0.87 and a current ratio of 1.73. The firm has a market capitalization of C$377.18 million, a price-to-earnings ratio of 21.74, a P/E/G ratio of 3.50 and a beta of 1.11.

K-Bro Linen (TSE:KBL) last posted its quarterly earnings results on Thursday, March 21st. The company reported C$0.40 earnings per share for the quarter, missing analysts’ consensus estimates of C$0.61 by C($0.21). K-Bro Linen had a return on equity of 10.03% and a net margin of 5.49%. The firm had revenue of C$82.46 million for the quarter, compared to analyst estimates of C$80.10 million. Equities analysts predict that K-Bro Linen Inc. will post 2.0010983 EPS for the current year.

K-Bro Linen Dividend Announcement

The company also recently declared a monthly dividend, which will be paid on Wednesday, May 15th. Investors of record on Tuesday, April 30th will be paid a dividend of $0.10 per share. This represents a $1.20 dividend on an annualized basis and a yield of 3.37%. The ex-dividend date is Monday, April 29th. K-Bro Linen’s dividend payout ratio (DPR) is currently 73.17%.

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.