Extendicare (TSE:EXE) Stock Price Crosses Below 200-Day Moving Average of $7.29

Extendicare Inc. (TSE:EXE)’s share price passed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of C$7.29 and traded as low as C$7.20. Extendicare shares last traded at C$7.23, with a volume of 66,392 shares trading hands.

Analyst Ratings Changes

Several brokerages have recently commented on EXE. TD Securities raised their price target on Extendicare from C$7.50 to C$8.00 and gave the company a “hold” rating in a research note on Friday, May 17th. Royal Bank of Canada raised their price objective on Extendicare from C$8.00 to C$8.50 and gave the company a “sector perform” rating in a research report on Tuesday, May 21st. Finally, Leede Jones Gable raised their price objective on Extendicare from C$7.00 to C$8.50 and gave the company a “buy” rating in a research report on Monday, March 11th.

Extendicare Stock Performance

The company has a debt-to-equity ratio of 365.69, a current ratio of 0.82 and a quick ratio of 0.98. The firm has a market cap of C$602.84 million, a price-to-earnings ratio of 17.63 and a beta of 1.23. The firm has a fifty day simple moving average of C$7.45 and a two-hundred day simple moving average of C$7.29.

Extendicare (TSE:EXE) last issued its quarterly earnings results on Wednesday, May 15th. The company reported C$0.14 earnings per share for the quarter. The business had revenue of C$367.10 million during the quarter, compared to the consensus estimate of C$310.00 million. Extendicare had a return on equity of 37.03% and a net margin of 2.63%. On average, analysts expect that Extendicare Inc. will post 0.4687697 EPS for the current year.

Extendicare Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Monday, July 15th. Stockholders of record on Friday, June 28th will be paid a $0.04 dividend. This represents a $0.48 annualized dividend and a dividend yield of 6.64%. The ex-dividend date of this dividend is Friday, June 28th. Extendicare’s payout ratio is 117.07%.

Extendicare Company Profile

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.