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

Extendicare Inc. (TSE:EXE) shares crossed above its two hundred day moving average during trading on Thursday . The stock has a two hundred 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 traded.

Analyst Ratings Changes

A number of equities analysts have commented on EXE shares. Royal Bank of Canada lifted their target price on Extendicare from C$9.50 to C$11.00 and gave the company a “sector perform” rating in a research note on Thursday, November 28th. TD Securities raised their price target on Extendicare from C$9.50 to C$10.50 and gave the stock a “hold” rating in a report on Thursday, November 14th.

Extendicare Trading Up 1.2 %

The company has a current ratio of 0.60, a quick ratio of 0.98 and a debt-to-equity ratio of 305.80. The stock has a market cap of C$863.08 million, a price-to-earnings ratio of 15.21 and a beta of 1.26. The company has a fifty day simple moving average of C$10.27 and a 200-day simple moving average of C$9.01.

Extendicare Dividend Announcement

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