Extendicare (OTCMKTS:EXETF) Shares Down 1.6% – Here’s What Happened

Extendicare Inc. (OTCMKTS:EXETF) shares dropped 1.6% during trading on Thursday . The stock traded as low as $10.31 and last traded at $10.31. Approximately 1,251 shares were traded during mid-day trading, a decline of 78% from the average daily volume of 5,657 shares. The stock had previously closed at $10.48.

Analysts Set New Price Targets

A number of analysts recently issued reports on EXETF shares. Royal Bank Of Canada reissued a “sector perform” rating on shares of Extendicare in a report on Tuesday, May 20th. BMO Capital Markets restated a “market perform” rating on shares of Extendicare in a report on Monday, May 12th.

Extendicare Stock Down 1.6%

The company’s fifty day simple moving average is $10.14 and its 200 day simple moving average is $8.70.

Extendicare Increases Dividend

The business also recently announced a dividend, which was paid on Monday, June 16th. Shareholders of record on Monday, June 2nd were issued a $0.0305 dividend. This represents a yield of 3.55%. This is an increase from Extendicare’s previous dividend of $0.03. The ex-dividend date was Friday, May 30th. Extendicare’s payout ratio is -185.01%.

Extendicare Company Profile

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.