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

K-Bro Linen Inc. (TSE:KBL - Get Free Report)'s stock price crossed above its 200-day moving average during trading on Monday . The stock has a 200-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 traded.

Analyst Ratings Changes

Separately, TD Securities lifted their price objective on shares of 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 Stock Performance

The firm has a market cap of C$375.59 million, a P/E ratio of 21.65, a price-to-earnings-growth ratio of 3.50 and a beta of 1.11. The company has a current ratio of 1.73, a quick ratio of 0.87 and a debt-to-equity ratio of 70.83. The business's fifty day simple moving average is C$34.33 and its 200-day simple moving average is C$33.60.

K-Bro Linen (TSE:KBL - Get Free Report) last released its quarterly earnings results on Thursday, March 21st. The company reported C$0.40 earnings per share for the quarter, missing the consensus estimate of C$0.61 by C($0.21). The firm had revenue of C$82.46 million for the quarter, compared to the consensus estimate of C$80.10 million. K-Bro Linen had a net margin of 5.49% and a return on equity of 10.03%. As a group, sell-side analysts expect that K-Bro Linen Inc. will post 2.0010983 earnings per share for the current year.

K-Bro Linen Announces Dividend

The business also recently declared a monthly dividend, which was paid on Monday, April 15th. Shareholders of record on Sunday, March 31st were given a $0.10 dividend. This represents a $1.20 dividend on an annualized basis and a yield of 3.38%. The ex-dividend date of this dividend was Wednesday, March 27th. K-Bro Linen's payout ratio is 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.