Extendicare (TSE:EXE) Shares Cross Above 200-Day Moving Average – What’s Next?

Extendicare Inc. (TSE:EXE)’s share price passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of C$10.32 and traded as high as C$13.17. Extendicare shares last traded at C$13.09, with a volume of 111,826 shares.

Wall Street Analysts Forecast Growth

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

Extendicare Price Performance

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 company has a market capitalization of C$1.09 billion, a P/E ratio of 16.68 and a beta of 1.26. The firm’s fifty day moving average is C$11.70 and its 200 day moving average is C$10.41.

Extendicare Announces Dividend

The firm also recently announced a monthly dividend, which was paid on Monday, March 17th. Stockholders 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 3.67%. Extendicare’s dividend payout ratio is 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.