Extendicare (TSE:EXE) Stock Price Passes Above 200-Day Moving Average – Here’s Why

Extendicare Inc. (TSE:EXE) crossed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of C$10.75 and traded as high as C$13.04. Extendicare shares last traded at C$12.99, with a volume of 193,086 shares traded.

Wall Street Analyst Weigh In

EXE has been the subject of a number of analyst reports. BMO Capital Markets increased their price target on Extendicare from C$11.00 to C$13.50 in a report on Monday, March 3rd. Cormark upgraded Extendicare to a “moderate buy” rating in a research note on Wednesday, February 19th. Finally, TD Securities raised their price target on shares of Extendicare from C$10.50 to C$13.00 and gave the stock a “hold” rating in a research report on Monday, March 3rd.

Extendicare Stock Down 0.3 %

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 firm has a market capitalization of C$1.08 billion, a price-to-earnings ratio of 16.51 and a beta of 1.26. The stock has a 50 day moving average of C$12.38 and a 200 day moving average of C$10.77.

Extendicare Dividend Announcement

The company also recently announced a monthly dividend, which was paid on Monday, March 17th. Stockholders of record on Monday, March 17th were given a $0.04 dividend. The ex-dividend date was Friday, February 28th. This represents a $0.48 annualized dividend and a dividend yield of 3.71%. Extendicare’s payout ratio is 61.20%.

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.