Extendicare (OTCMKTS:EXETF) Stock Price Down 1% – Should You Sell?

Extendicare Inc. (OTCMKTS:EXETF)’s stock price traded down 1% during trading on Friday . The stock traded as low as $17.95 and last traded at $17.95. 11,328 shares were traded during mid-day trading, an increase of 265% from the average session volume of 3,104 shares. The stock had previously closed at $18.1330.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on EXETF shares. BMO Capital Markets raised shares of Extendicare from a “market perform” rating to an “outperform” rating in a report on Thursday, December 4th. TD Securities reissued a “hold” rating on shares of Extendicare in a research note on Friday, November 14th. Royal Bank Of Canada upgraded Extendicare from a “sector perform” rating to an “outperform” rating in a report on Thursday, December 4th. Finally, National Bank Financial reiterated an “outperform” rating on shares of Extendicare in a report on Thursday, December 4th. Four equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy”.

Extendicare Stock Down 1.0%

The company has a 50 day simple moving average of $16.64 and a 200-day simple moving average of $13.41.

Extendicare Cuts Dividend

The company also recently announced a dividend, which was paid on Monday, December 15th. Investors of record on Monday, December 1st were given a $0.03 dividend. This represents a yield of 244.0%. The ex-dividend date of this dividend was Friday, November 28th. Extendicare’s dividend payout ratio (DPR) is currently -185.01%.

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.