K-Bro Linen (TSE:KBL) Stock Price Passes Below 200-Day Moving Average – What’s Next?

Shares of K-Bro Linen Inc. (TSE:KBL) crossed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of C$35.57 and traded as low as C$34.77. K-Bro Linen shares last traded at C$34.77, with a volume of 4,866 shares.

K-Bro Linen Stock Performance

The firm has a fifty day moving average of C$35.21 and a 200-day moving average of C$35.57. The stock has a market capitalization of C$448.60 million, a price-to-earnings ratio of 23.03, a PEG ratio of 3.50 and a beta of 0.55. The company has a quick ratio of 0.87, a current ratio of 1.88 and a debt-to-equity ratio of 116.99.

K-Bro Linen (TSE:KBL) last issued its quarterly earnings data on Thursday, March 19th. The company reported C$0.55 earnings per share (EPS) for the quarter. The firm had revenue of C$146.79 million during the quarter. K-Bro Linen had a return on equity of 7.09% and a net margin of 3.55%. As a group, sell-side analysts anticipate that K-Bro Linen Inc. will post 2.3389262 EPS for the current year.

About K-Bro Linen

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. It helps hospitals and extended care centers care for the young, old, and vulnerable in environmentally responsible ways. It operates through two divisions, which are the Canadian division and the United Kingdom division.