K-Bro Linen (TSE:KBL) Share Price Crosses Above 200 Day Moving Average – Should You Sell?

K-Bro Linen Inc. (TSE:KBL) passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of C$35.61 and traded as high as C$39.20. K-Bro Linen shares last traded at C$39.05, with a volume of 10,523 shares trading hands.

Wall Street Analysts Forecast Growth

Separately, TD Securities lifted their price objective on shares of K-Bro Linen from C$50.00 to C$55.00 and gave the stock a “buy” rating in a research note on Friday, August 15th. Three equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat.com, K-Bro Linen has an average rating of “Moderate Buy” and an average price target of C$51.25.

K-Bro Linen Stock Up 1.7%

The firm has a market capitalization of C$502.18 million, a PE ratio of 22.44, a PEG ratio of 3.50 and a beta of 0.53. The business’s 50 day simple moving average is C$36.79 and its 200 day simple moving average is C$35.61. The company has a current ratio of 2.08, a quick ratio of 0.87 and a debt-to-equity ratio of 102.23.

K-Bro Linen Announces Dividend

The company also recently declared a sep 25 dividend, which was paid on Wednesday, October 15th. Investors of record on Tuesday, September 30th were issued a dividend of $0.10 per share. K-Bro Linen’s payout ratio is 68.97%.

K-Bro Linen Company Profile

K-Bro Linen Inc is a healthcare and hospitality laundry and linen processor in Canada. It operates in major cities across Canada, and has two distribution centers, providing management services and laundry processing of hospitality, healthcare, and specialty linens. The company provides vital products and services that help people heal, travel, live, and play.