Extendicare (TSE:EXE) Stock Price Crosses Above Fifty Day Moving Average – Here’s What Happened

Shares of Extendicare Inc. (TSE:EXE) passed above its 50-day moving average during trading on Monday . The stock has a 50-day moving average of C$21.70 and traded as high as C$22.78. Extendicare shares last traded at C$22.75, with a volume of 189,413 shares trading hands.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on the company. Natl Bk Canada raised Extendicare to a “strong-buy” rating in a research report on Wednesday, December 3rd. Cormark raised their target price on Extendicare from C$25.00 to C$30.00 in a report on Wednesday, December 3rd. National Bankshares lifted their price target on Extendicare from C$21.50 to C$24.50 and gave the company an “outperform” rating in a research report on Wednesday, December 3rd. Royal Bank Of Canada upgraded Extendicare from a “hold” rating to a “moderate buy” rating and upped their price objective for the stock from C$15.00 to C$25.00 in a research report on Thursday, December 4th. Finally, BMO Capital Markets raised shares of Extendicare from a “hold” rating to an “outperform” rating and raised their price objective for the stock from C$21.00 to C$24.00 in a research note on Thursday, December 4th. Three research analysts have rated the stock with a Strong Buy rating, four have issued a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat, Extendicare presently has an average rating of “Buy” and an average target price of C$23.86.

Extendicare Stock Performance

The company has a quick ratio of 0.98, a current ratio of 0.62 and a debt-to-equity ratio of 283.02. The firm has a 50-day moving average price of C$21.70 and a two-hundred day moving average price of C$16.86. The firm has a market cap of C$2.15 billion, a PE ratio of 21.46 and a beta of 1.15.

Extendicare Announces Dividend

The firm also recently disclosed a monthly dividend, which was paid on Monday, November 17th. Shareholders of record on Monday, November 17th were issued a $0.042 dividend. The ex-dividend date was Friday, October 31st. This represents a c) dividend on an annualized basis and a yield of 2.2%. Extendicare’s dividend payout ratio is presently 46.60%.

Extendicare Company Profile

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.