Extendicare (TSE:EXE) Stock Price Passes Below Two Hundred 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)'s share price crossed below its two hundred day moving average during trading on Monday . The stock has a two hundred 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.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on the company. National Bank Financial raised Extendicare to a "strong-buy" rating in a research report on Wednesday, July 16th. TD Securities raised their price target on Extendicare from C$13.00 to C$15.00 and gave the company a "hold" rating in a report on Thursday, May 22nd. National Bankshares set a C$15.40 price objective on Extendicare and gave the stock an "outperform" rating in a report on Thursday, July 17th. Finally, BMO Capital Markets boosted their price target on Extendicare from C$13.50 to C$14.50 in a report on Monday, May 12th. Three investment analysts have rated the stock with a hold rating, one has given a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of C$13.98.

Extendicare Trading Down 1.6%

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 business has a fifty day simple moving average of C$13.69 and a 200 day simple moving average of C$12.91. The company has a market cap of C$1.01 billion, a P/E ratio of 15.47 and a beta of 1.26.

Extendicare Announces Dividend

The firm also recently announced a jul 25 dividend, which will be paid on Friday, August 15th. Investors of record on Thursday, July 31st will be given a $0.042 dividend. This represents a yield of 381.0%. The ex-dividend date is Thursday, July 31st. Extendicare's dividend payout ratio (DPR) is currently 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.