Extendicare (TSE:EXE) Shares Pass Above Two Hundred Day Moving Average – Time to Sell?

Extendicare Inc. (TSE:EXE) shares crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of C$16.44 and traded as high as C$22.63. Extendicare shares last traded at C$22.54, with a volume of 101,899 shares traded.

Analyst Upgrades and Downgrades

EXE has been the topic of several recent research reports. Cibc World Mkts raised shares of Extendicare to a “strong-buy” rating in a research note on Monday, September 22nd. Natl Bk Canada raised shares of Extendicare to a “strong-buy” rating in a research note on Wednesday, December 3rd. National Bankshares upped their price objective on shares of Extendicare from C$21.50 to C$24.50 and gave the company an “outperform” rating in a research note on Wednesday, December 3rd. CIBC increased their price objective on shares of Extendicare from C$18.00 to C$22.00 in a report on Thursday, November 13th. Finally, TD Securities raised their target price on shares of Extendicare from C$15.00 to C$19.00 in a research note on Thursday, November 13th. Three investment analysts have rated the stock with a Strong Buy rating, four have given a Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat.com, Extendicare has a consensus rating of “Buy” and an average target price of C$23.86.

Extendicare Stock 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 firm’s 50-day moving average price is C$21.17 and its two-hundred day moving average price is C$16.46. The stock has a market cap of C$2.13 billion, a price-to-earnings ratio of 21.26 and a beta of 1.15.

Extendicare Dividend Announcement

The company also recently declared a monthly dividend, which was paid on Monday, November 17th. Stockholders of record on Monday, November 17th were paid a $0.042 dividend. The ex-dividend date of this dividend was Friday, October 31st. This represents a c) annualized dividend and a dividend yield of 2.2%. Extendicare’s dividend payout ratio is 46.60%.

About Extendicare

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.