Extendicare (TSE:EXE) Stock Crosses Above Two Hundred Day Moving Average – Here’s Why

Extendicare Inc. (TSE:EXE) shares crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of C$9.00 and traded as high as C$10.36. Extendicare shares last traded at C$10.22, with a volume of 77,036 shares.

Analyst Ratings Changes

A number of brokerages have recently commented on EXE. TD Securities increased their price objective on Extendicare from C$9.50 to C$10.50 and gave the company a “hold” rating in a report on Thursday, November 14th. Royal Bank of Canada increased their price target on Extendicare from C$9.50 to C$11.00 and gave the company a “sector perform” rating in a report on Thursday, November 28th.

Extendicare Price Performance

The company has a market capitalization of C$863.08 million, a P/E ratio of 15.21 and a beta of 1.26. The stock’s fifty day simple moving average is C$10.27 and its 200-day simple moving average is C$9.01. The company has a debt-to-equity ratio of 305.80, a current ratio of 0.60 and a quick ratio of 0.98.

Extendicare Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Friday, February 14th. Investors of record on Friday, February 14th will be paid a dividend of $0.04 per share. The ex-dividend date is Friday, January 31st. This represents a $0.48 annualized dividend and a yield of 4.64%. Extendicare’s payout ratio is 70.59%.

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.