Extendicare (TSE:EXE) Stock Crosses Above 200-Day Moving Average – Should You Sell?

Extendicare Inc. (TSE:EXE)’s stock price passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of C$12.32 and traded as high as C$14.18. Extendicare shares last traded at C$14.06, with a volume of 184,988 shares changing hands.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on EXE. BMO Capital Markets lifted their price target on shares of Extendicare from C$13.50 to C$14.50 in a research note on Monday, May 12th. TD Securities boosted their price target on shares of Extendicare from C$13.00 to C$15.00 and gave the company a “hold” rating in a report on Thursday, May 22nd.

Extendicare Stock Performance

The firm’s 50 day moving average price is C$14.05 and its 200-day moving average price is C$12.32. The firm has a market cap of C$1.17 billion, a price-to-earnings ratio of 17.93 and a beta of 1.26. The company has a debt-to-equity ratio of 283.02, a current ratio of 0.62 and a quick ratio of 0.98.

Extendicare Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Tuesday, July 15th. Investors of record on Tuesday, July 15th will be paid a $0.042 dividend. This represents a $0.50 dividend on an annualized basis and a yield of 3.58%. The ex-dividend date of this dividend is Monday, June 30th. 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.