Extendicare (TSE:EXE) Stock Price Passes Above Two Hundred Day Moving Average – What’s Next?

Extendicare Inc. (TSE:EXE) shares passed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of C$7.95 and traded as high as C$9.19. Extendicare shares last traded at C$9.16, with a volume of 49,559 shares changing hands.

Analyst Ratings Changes

A number of research analysts have recently weighed in on EXE shares. Royal Bank of Canada lifted their price target on Extendicare from C$8.50 to C$9.50 in a report on Monday, August 19th. TD Securities lifted their target price on Extendicare from C$9.00 to C$9.50 and gave the company a “hold” rating in a research note on Wednesday, September 4th.

Extendicare Stock Performance

The business’s 50-day simple moving average is C$8.96 and its 200-day simple moving average is C$7.96. The company has a market cap of C$769.59 million, a PE ratio of 13.59 and a beta of 1.26. The company has a current ratio of 0.60, a quick ratio of 0.98 and a debt-to-equity ratio of 305.80.

Extendicare (TSE:EXE) last announced its quarterly earnings data on Monday, August 12th. The company reported C$0.29 earnings per share (EPS) for the quarter. Extendicare had a return on equity of 60.00% and a net margin of 4.28%. The business had revenue of C$348.48 million during the quarter, compared to analyst estimates of C$360.20 million. As a group, analysts expect that Extendicare Inc. will post 0.6134729 EPS for the current fiscal year.

Extendicare Dividend Announcement

The company also recently declared a monthly dividend, which will be paid on Friday, November 15th. Stockholders of record on Thursday, October 31st will be issued a dividend of $0.04 per share. The ex-dividend date of this dividend is Thursday, October 31st. This represents a $0.48 annualized dividend and a dividend yield of ∞. Extendicare’s dividend payout ratio is 70.59%.

About Extendicare

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.