Extendicare (OTCMKTS:EXETF) Trading Up 0.1% – Here’s Why

Extendicare Inc. (OTCMKTS:EXETF) shares shot up 0.1% during mid-day trading on Monday . The stock traded as high as $22.1193 and last traded at $22.1193. Approximately 668,325 shares were traded during trading, an increase of 1,021% from the average session volume of 59,636 shares. The stock had previously closed at $22.09.

Wall Street Analyst Weigh In

Several equities analysts have commented on the company. Canadian Imperial Bank of Commerce reaffirmed an “outperform” rating on shares of Extendicare in a report on Monday, August 10th. TD Securities reissued a “buy” rating on shares of Extendicare in a report on Monday, May 11th. Finally, Royal Bank Of Canada restated an “outperform” rating on shares of Extendicare in a research report on Friday, August 14th. Five research analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the stock has an average rating of “Buy”.

Extendicare Price Performance

The business’s 50 day moving average price is $24.89 and its 200-day moving average price is $22.32.

Extendicare Company Profile

Extendicare Inc (OTCMKTS:EXETF) is a Canada-based senior care provider headquartered in Markham, Ontario. The company specializes in the ownership and operation of long-term care homes, retirement residences and home health care services. It is publicly listed on the Toronto Stock Exchange under the symbol EXE and trades in the over-the-counter market as EXETF.

Extendicare’s operations are organized into two primary segments. The Long-Term Care & Retirement Living division operates approximately 120 facilities under the Extendicare and EspritVitalité banners, serving residents in Ontario, Alberta, Saskatchewan and parts of Atlantic Canada.