Extendicare (OTCMKTS:EXETF) Stock Price Down 0.6% – What’s Next?

Extendicare Inc. (OTCMKTS:EXETF)’s stock price dropped 0.6% on Wednesday . The company traded as low as $15.6550 and last traded at $15.80. Approximately 1,685 shares traded hands during mid-day trading, a decline of 87% from the average daily volume of 13,140 shares. The stock had previously closed at $15.90.

Wall Street Analyst Weigh In

EXETF has been the topic of a number of analyst reports. CIBC assumed coverage on Extendicare in a research note on Monday, September 22nd. They issued an “outperform” rating on the stock. National Bankshares reiterated an “outperform” rating on shares of Extendicare in a report on Thursday, December 4th. Royal Bank Of Canada raised shares of Extendicare from a “sector perform” rating to an “outperform” rating in a research report on Thursday, December 4th. TD Securities restated a “hold” rating on shares of Extendicare in a report on Friday, November 14th. Finally, BMO Capital Markets upgraded shares of Extendicare from a “market perform” rating to an “outperform” rating in a research report on Thursday, December 4th. Four equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat.com, Extendicare has an average rating of “Moderate Buy”.

Extendicare Stock Performance

The company has a 50 day simple moving average of $13.75 and a two-hundred day simple moving average of $11.22.

Extendicare Cuts Dividend

The business also recently disclosed a dividend, which was paid on Monday, December 15th. Investors of record on Monday, December 1st were given a dividend of $0.03 per share. The ex-dividend date of this dividend was Friday, November 28th. This represents a yield of 244.0%. Extendicare’s payout ratio 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.