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

Posted by Alphonse Anthony on Oct 24th, 2024

Extendicare Inc. (TSE:EXE – Get Free Report) crossed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of C$7.95 and traded as high as C$9.19. Extendicare shares last traded at C$9.16, with a volume of 49,559 shares trading hands.

Analysts Set New Price Targets

EXE has been the topic of several recent research reports. Royal Bank of Canada upped their price objective on Extendicare from C$8.50 to C$9.50 in a research report on Monday, August 19th. TD Securities upped their target price on shares of Extendicare from C$9.00 to C$9.50 and gave the stock a “hold” rating in a report on Wednesday, September 4th.

Get Our Latest Analysis on Extendicare

Extendicare Stock Up 0.4 %

The business has a fifty day moving average of C$8.93 and a 200 day moving average of C$7.95. The company has a debt-to-equity ratio of 305.80, a current ratio of 0.60 and a quick ratio of 0.98. The stock has a market capitalization of C$764.59 million, a price-to-earnings ratio of 13.47 and a beta of 1.26.

Extendicare (TSE:EXE – Get Free Report) last released its quarterly earnings results on Monday, August 12th. The company reported C$0.29 EPS for the quarter. Extendicare had a return on equity of 60.00% and a net margin of 4.28%. The business had revenue of C$348.48 million during the quarter, compared to analyst estimates of C$360.20 million. As a group, equities analysts predict that Extendicare Inc. will post 0.6134729 earnings per share for the current year.

Extendicare Dividend Announcement

The company also recently announced a monthly dividend, which will be paid on Friday, November 15th. Investors of record on Thursday, October 31st will be issued a $0.04 dividend. The ex-dividend date of this dividend is Thursday, October 31st. This represents a $0.48 annualized dividend and a yield of 5.24%. Extendicare’s dividend payout ratio (DPR) is 70.59%.

Extendicare Company Profile

(Get Free Report)

Extendicare Inc, through its subsidiaries, provides care and services for seniors in Canada. The company offers long term care (LTC) services; and home health care services, such as nursing care, occupational, physical and speech therapy, and assistance with daily activities, as well as management, consulting, and other services to third parties.