K-Bro Linen (TSE:KBL) Shares Cross Above 200 Day Moving Average of $34.66

K-Bro Linen Inc. (TSE:KBL)’s share price passed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of C$34.66 and traded as high as C$35.49. K-Bro Linen shares last traded at C$34.69, with a volume of 6,291 shares.

Wall Street Analyst Weigh In

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

K-Bro Linen Trading Up 0.7 %

The business’s 50 day simple moving average is C$35.96 and its 200 day simple moving average is C$34.68. The company has a debt-to-equity ratio of 107.82, a current ratio of 1.80 and a quick ratio of 0.87. The stock has a market cap of C$364.43 million, a P/E ratio of 21.51, a PEG ratio of 3.50 and a beta of 1.10.

K-Bro Linen (TSE:KBL) last issued its quarterly earnings data on Tuesday, August 6th. The company reported C$0.59 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 during the quarter, compared to analysts’ expectations of C$88.57 million. On average, analysts expect that K-Bro Linen Inc. will post 2.3198942 earnings per share for the current fiscal year.

K-Bro Linen Announces Dividend

The company also recently declared a monthly dividend, which will be paid on Tuesday, October 15th. Shareholders of record on Monday, September 30th will be given a $0.10 dividend. The ex-dividend date of this dividend is Monday, September 30th. This represents a $1.20 dividend on an annualized basis and a yield of 3.44%. K-Bro Linen’s dividend payout ratio (DPR) is presently 74.07%.

Insiders Place Their Bets

In related news, Senior Officer Jeffrey Ronald Gannon sold 1,100 shares of the firm’s stock in a transaction on Thursday, September 19th. The stock was sold at an average price of C$36.01, for a total transaction of C$39,611.00. Insiders own 3.25% of the company’s stock.

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.