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

Extendicare Inc. (TSE:EXE)’s share price crossed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of C$10.12 and traded as high as C$13.35. Extendicare shares last traded at C$13.06, with a volume of 305,519 shares changing hands.

Analysts Set New Price Targets

Several equities analysts have commented on EXE shares. TD Securities raised their price objective on Extendicare from C$10.50 to C$13.00 and gave the company a “hold” rating in a research report on Monday, March 3rd. Royal Bank of Canada lifted their price target 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 lifted their price target on Extendicare from C$11.00 to C$13.50 in a research report on Monday, March 3rd. Finally, Cormark raised Extendicare to a “moderate buy” rating in a research report on Wednesday, February 19th.

Extendicare Trading Up 1.0 %

The stock has a 50 day simple moving average of C$11.19 and a 200-day simple moving average of C$10.12. The firm has a market capitalization of C$1.09 billion, a P/E ratio of 16.65 and a beta of 1.26. The company has a current ratio of 0.62, a quick ratio of 0.98 and a debt-to-equity ratio of 283.02.

Extendicare Announces Dividend

The company also recently declared a monthly dividend, which was paid on Monday, March 17th. Shareholders of record on Monday, March 17th were paid a dividend of $0.04 per share. The ex-dividend date of this dividend was Friday, February 28th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 3.68%. Extendicare’s dividend payout ratio is currently 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.