Extendicare (TSE:EXE) Stock Passes Above Two Hundred Day Moving Average – What’s Next?

Extendicare Inc. (TSE:EXE)’s stock price passed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of C$10.32 and traded as high as C$13.17. Extendicare shares last traded at C$13.09, with a volume of 111,826 shares changing hands.

Analyst Upgrades and Downgrades

EXE has been the subject of several analyst reports. Royal Bank of Canada upped their target price on Extendicare from C$9.50 to C$11.00 and gave the stock a “sector perform” rating in a research report on Thursday, November 28th. BMO Capital Markets boosted their price target on Extendicare from C$11.00 to C$13.50 in a research report on Monday, March 3rd. TD Securities increased their price objective on shares of Extendicare from C$10.50 to C$13.00 and gave the company a “hold” rating in a research report on Monday, March 3rd. Finally, Cormark raised shares of Extendicare to a “moderate buy” rating in a research report on Wednesday, February 19th.

Extendicare Stock Performance

The firm has a market cap of C$1.09 billion, a price-to-earnings ratio of 16.69 and a beta of 1.26. The company has a quick ratio of 0.98, a current ratio of 0.62 and a debt-to-equity ratio of 283.02. The company has a 50 day moving average of C$11.53 and a 200 day moving average of C$10.32.

Extendicare Announces Dividend

The firm also recently announced a monthly dividend, which was paid on Monday, March 17th. Shareholders of record on Monday, March 17th were given a $0.04 dividend. This represents a $0.48 dividend on an annualized basis and a dividend yield of 3.67%. The ex-dividend date was Friday, February 28th. Extendicare’s payout ratio is 61.20%.

Extendicare Company Profile

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.