K-Bro Linen Inc. (OTCMKTS:KBRLF – Get Free Report) shares fell 3.5% during trading on Wednesday. The stock traded as low as $30.1596 and last traded at $30.1596. 1,300 shares changed hands during mid-day trading, a decline of 26% from the average daily volume of 1,763 shares. The stock had previously closed at $31.25.
K-Bro Linen Stock Down 3.5%
The stock has a 50 day moving average of $30.58 and a two-hundred day moving average of $28.72.
About K-Bro Linen
K-Bro Linen Inc is a Canadian provider of textile and linen services for healthcare, hospitality, industrial and institutional customers. The company processes, launders and distributes reusable textiles, including bed linens, towels, uniforms, patient garments, operating-room linens and other specialized products.
K-Bro operates commercial laundry facilities and provides related services such as textile rental, inventory management, delivery and collection. Its healthcare customers include hospitals and other care facilities, while its hospitality and institutional clients include hotels, restaurants and organizations that require professionally managed linen and uniform programs.
Founded in 1954, K-Bro has expanded through organic growth and acquisitions and serves customers in Canada and the United Kingdom.
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