Extendicare (TSE:EXE) Share Price Crosses Below Two Hundred Day Moving Average - What's Next?

Key Points

• Extendicare's stock price fell below its 200-day moving average of C$13.43, trading as low as C$13.21 before closing at C$13.31.
• Research analysts have shown optimism, with National Bankshares raising their target price to C$16.10 and a consensus rating of "Moderate Buy" among analysts.
• Extendicare recently announced a dividend payout of $0.042 per share, with an annualized dividend yield of 1.3%.

Shares of Extendicare Inc. (TSE:EXE - Get Free Report) crossed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of C$13.43 and traded as low as C$13.21. Extendicare shares last traded at C$13.31, with a volume of 123,289 shares.

Analyst Ratings Changes

A number of research analysts recently issued reports on EXE shares. National Bank Financial upgraded shares of Extendicare to a "strong-buy" rating in a research report on Wednesday, July 16th. National Bankshares lifted their price target on shares of Extendicare from C$15.45 to C$16.10 and gave the company an "outperform" rating in a research note on Friday, August 8th. One investment analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of C$14.15.

Extendicare Stock Performance

The company's 50 day moving average price is C$13.00 and its 200-day moving average price is C$13.44. The stock has a market cap of C$1.12 billion, a P/E ratio of 13.91 and a beta of 0.85. The company has a debt-to-equity ratio of 283.02, a quick ratio of 0.98 and a current ratio of 0.62.

Extendicare Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, September 15th. Shareholders of record on Monday, September 15th were given a dividend of $0.042 per share. The ex-dividend date of this dividend was Friday, August 29th. This represents a $0.17 annualized dividend and a dividend yield of 1.3%. Extendicare's dividend payout ratio (DPR) is currently 50.57%.

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.