Extendicare (TSE:EXE) Shares Pass Above Two Hundred Day Moving Average of $6.81

Shares of Extendicare Inc. (TSE:EXE - Get Free Report) passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of C$6.81 and traded as high as C$7.40. Extendicare shares last traded at C$7.29, with a volume of 168,842 shares traded.

Analysts Set New Price Targets

A number of analysts recently weighed in on the stock. TD Securities upped their price objective on shares of Extendicare from C$7.00 to C$7.50 and gave the stock a "hold" rating in a research note on Monday, March 11th. Royal Bank of Canada increased their price objective on shares of Extendicare from C$7.50 to C$8.00 and gave the company a "sector perform" rating in a research note on Monday, March 11th. Finally, Leede Jones Gable lifted their price objective on shares of Extendicare from C$7.00 to C$8.50 and gave the company a "buy" rating in a report on Monday, March 11th. Three analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of "Hold" and an average price target of C$7.88.

Extendicare Stock Performance

The firm's 50 day moving average is C$7.16 and its 200 day moving average is C$6.81. The company has a debt-to-equity ratio of 380.48, a quick ratio of 0.98 and a current ratio of 0.83. The stock has a market cap of C$607.07 million, a P/E ratio of 18.25 and a beta of 1.21.

Extendicare (TSE:EXE - Get Free Report) last issued its quarterly earnings results on Thursday, March 7th. The company reported C$0.10 earnings per share (EPS) for the quarter. Extendicare had a return on equity of 36.03% and a net margin of 2.60%. Analysts anticipate that Extendicare Inc. will post 0.3898825 EPS for the current year.

Extendicare Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Monday, April 15th. Shareholders of record on Friday, March 29th will be paid a dividend of $0.04 per share. The ex-dividend date is Wednesday, March 27th. This represents a $0.48 dividend on an annualized basis and a yield of 6.58%. Extendicare's payout ratio is 120.00%.

About Extendicare

Extendicare Inc, through its subsidiaries, provides care and services for seniors in Canada. The company offers long term care (LTC) services; and home health care services, such as nursing care, occupational, physical and speech therapy, and assistance with daily activities, as well as management, consulting, and other services to third parties.