Extendicare (TSE:EXE) Stock Passes Above 200 Day Moving Average – Time to Sell?

Extendicare Inc. (TSE:EXE) crossed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of C$9.10 and traded as high as C$10.24. Extendicare shares last traded at C$10.23, with a volume of 49,843 shares changing hands.

Analysts Set New Price Targets

Several brokerages have issued reports on EXE. TD Securities boosted their target price on Extendicare from C$9.50 to C$10.50 and gave the company a “hold” rating in a research note on Thursday, November 14th. Royal Bank of Canada boosted their price objective on Extendicare from C$9.50 to C$11.00 and gave the company a “sector perform” rating in a research note on Thursday, November 28th.

Extendicare Stock Performance

The company has a market capitalization of C$853.90 million, a P/E ratio of 15.04 and a beta of 1.26. The company has a current ratio of 0.60, a quick ratio of 0.98 and a debt-to-equity ratio of 305.80. The company’s fifty day moving average is C$10.34 and its 200 day moving average is C$9.10.

Extendicare (TSE:EXE) last posted its quarterly earnings results on Tuesday, November 12th. The company reported C$0.19 EPS for the quarter. Extendicare had a return on equity of 60.00% and a net margin of 4.28%. During the same period last year, the company earned $0.13 earnings per share. As a group, equities analysts anticipate that Extendicare Inc. will post 0.6134729 earnings per share for the current year.

Extendicare Announces Dividend

The business also recently announced a monthly dividend, which will be paid on Friday, February 14th. Shareholders of record on Friday, February 14th will be issued a dividend of $0.04 per share. This represents a $0.48 dividend on an annualized basis and a yield of 4.69%. The ex-dividend date of this dividend is Friday, January 31st. Extendicare’s payout ratio is presently 70.59%.

About Extendicare

Extendicare Inc, operating solely in Canada, is the largest private-sector owner and operator of long-term care (LTC”) homes and one of the largest private-sector providers of publicly funded home health care services.