Extendicare (TSE:EXE) Share Price Passes Below 200 Day Moving Average - Here's What Happened

Key Points

• Extendicare Inc. shares fell below their 200-day moving average to C$12.33, with the last traded price at C$12.39.
• Analysts have set a consensus target price of C$13.98 with ratings ranging from "hold" to "strong buy" for the stock.
• The company recently announced a dividend of $0.042 per share, resulting in a yield of 3.81%, payable on August 15th to shareholders of record after July 31st.

Extendicare Inc. (TSE:EXE - Get Free Report) passed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of C$12.90 and traded as low as C$12.33. Extendicare shares last traded at C$12.39, with a volume of 167,731 shares traded.

Analyst Upgrades and Downgrades

EXE has been the subject of a number of research reports. BMO Capital Markets lifted their target price on Extendicare from C$13.50 to C$14.50 in a research note on Monday, May 12th. TD Securities boosted their price objective on Extendicare from C$13.00 to C$15.00 and gave the company a "hold" rating in a research report on Thursday, May 22nd. National Bankshares set a C$15.40 target price on Extendicare and gave the stock an "outperform" rating in a research report on Thursday, July 17th. Finally, National Bank Financial upgraded Extendicare to a "strong-buy" rating in a research note on Wednesday, July 16th. Three analysts have rated the stock with a hold rating, one has assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of C$13.98.

Extendicare Stock Performance

The firm has a market capitalization of C$1.03 billion, a price-to-earnings ratio of 15.80 and a beta of 1.26. The company has a 50-day moving average price of C$13.81 and a 200-day moving average price of C$12.90. The company has a quick ratio of 0.98, a current ratio of 0.62 and a debt-to-equity ratio of 283.02.

Extendicare Dividend Announcement

The firm also recently declared a jul 25 dividend, which will be paid on Friday, August 15th. Shareholders of record on Thursday, July 31st will be given a dividend of $0.042 per share. The ex-dividend date of this dividend is Thursday, July 31st. This represents a yield of 3.81%. Extendicare's dividend payout ratio (DPR) is presently 61.20%.

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.

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