Extendicare (OTCMKTS:EXETF) Trading Down 2.3% – Here’s Why

Shares of Extendicare Inc. (OTCMKTS:EXETF) traded down 2.3% during mid-day trading on Monday . The company traded as low as $9.68 and last traded at $9.68. 1,112 shares were traded during trading, a decline of 78% from the average session volume of 5,141 shares. The stock had previously closed at $9.91.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on EXETF. BMO Capital Markets reissued a “market perform” rating on shares of Extendicare in a report on Monday, May 12th. Royal Bank Of Canada reissued a “sector perform” rating on shares of Extendicare in a report on Tuesday, May 20th.

Extendicare Trading Down 2.3%

The business’s fifty day moving average is $10.31 and its 200 day moving average is $9.06.

Extendicare Increases Dividend

The business also recently declared a dividend, which will be paid on Tuesday, July 15th. Stockholders of record on Tuesday, July 1st will be given a dividend of $0.031 per share. This represents a dividend yield of 3.64%. This is an increase from Extendicare’s previous dividend of $0.03. The ex-dividend date is Monday, June 30th. Extendicare’s dividend payout ratio (DPR) is presently -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.