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

K-Bro Linen Inc. (TSE:KBL) shares passed 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 traded.

K-Bro Linen Price Performance

The company’s fifty day moving average price is C$35.22 and its 200 day moving average price is C$35.55. The company has a market capitalization of C$447.31 million, a P/E ratio of 22.96, 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 announced its earnings results on Thursday, March 19th. The company reported C$0.55 EPS for the quarter. K-Bro Linen had a net margin of 3.55% and a return on equity of 7.09%. The company had revenue of C$146.79 million for the quarter. As a group, sell-side analysts forecast that K-Bro Linen Inc. will post 2.3389262 EPS for the current year.

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. 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.