Extendicare (OTCMKTS:EXETF) Stock Price Down 0.5% – Here’s What Happened

Extendicare Inc. (OTCMKTS:EXETF) fell 0.5% during mid-day trading on Thursday . The company traded as low as $16.98 and last traded at $17.24. 2,775 shares were traded during mid-day trading, a decline of 27% from the average session volume of 3,799 shares. The stock had previously closed at $17.33.

Analyst Ratings Changes

EXETF has been the subject of several research reports. Royal Bank Of Canada raised shares of Extendicare from a “sector perform” rating to an “outperform” rating in a report on Thursday, December 4th. BMO Capital Markets raised Extendicare from a “market perform” rating to an “outperform” rating in a research note on Thursday, December 4th. TD Securities reaffirmed a “hold” rating on shares of Extendicare in a research note on Friday, November 14th. Finally, National Bankshares reaffirmed an “outperform” rating on shares of Extendicare in a report on Thursday, December 4th. Four equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy”.

Extendicare Price Performance

The stock’s fifty day moving average is $15.86 and its 200 day moving average is $12.47.

Extendicare Cuts Dividend

The business also recently announced a dividend, which was paid on Monday, December 15th. Stockholders of record on Monday, December 1st were issued a $0.03 dividend. The ex-dividend date was Friday, November 28th. This represents a dividend yield of 244.0%. Extendicare’s payout ratio is -185.01%.

About Extendicare

Extendicare Inc (OTCMKTS:EXETF) is a Canada-based senior care provider headquartered in Markham, Ontario. The company specializes in the ownership and operation of long-term care homes, retirement residences and home health care services. It is publicly listed on the Toronto Stock Exchange under the symbol EXE and trades in the over-the-counter market as EXETF.

Extendicare’s operations are organized into two primary segments. The Long-Term Care & Retirement Living division operates approximately 120 facilities under the Extendicare and EspritVitalité banners, serving residents in Ontario, Alberta, Saskatchewan and parts of Atlantic Canada.