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

Extendicare Inc. (TSE:EXE)’s share price crossed above its 200-day moving average during trading on Monday . The stock has a 200-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.

Wall Street Analysts Forecast Growth

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

Extendicare Stock Up 0.5 %

The business’s fifty day moving average price is C$11.30 and its two-hundred day moving average price is C$10.19. The company has a debt-to-equity ratio of 283.02, a quick ratio of 0.98 and a current ratio of 0.62. The firm has a market capitalization of C$1.09 billion, a P/E ratio of 16.64 and a beta of 1.26.

Extendicare Dividend Announcement

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