K-Bro Linen (TSE:KBL) Stock Passes Above Two Hundred Day Moving Average – Here’s What Happened

Shares of K-Bro Linen Inc. (TSE:KBL) crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of C$35.66 and traded as high as C$35.97. K-Bro Linen shares last traded at C$33.48, with a volume of 15,046 shares traded.

Analyst Ratings Changes

Several research firms have weighed in on KBL. Acumen Capital increased their price objective on K-Bro Linen from C$50.00 to C$52.00 and gave the stock a “buy” rating in a research report on Monday, March 24th. TD Securities lifted their price target on shares of K-Bro Linen from C$48.00 to C$49.00 and gave the company a “buy” rating in a research report on Monday, March 24th.

K-Bro Linen Trading Down 2.7 %

The firm’s fifty day simple moving average is C$34.78 and its 200 day simple moving average is C$35.66. The company has a debt-to-equity ratio of 102.23, a quick ratio of 0.87 and a current ratio of 2.08. The stock has a market capitalization of C$351.30 million, a P/E ratio of 18.74, a price-to-earnings-growth ratio of 3.50 and a beta of 1.08.

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.