Extendicare (TSE:EXE) Stock Passes Above 200-Day Moving Average – Time to Sell?

Extendicare Inc. (TSE:EXE)’s share price crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of C$9.43 and traded as high as C$11.03. Extendicare shares last traded at C$10.73, with a volume of 153,937 shares changing hands.

Analyst Upgrades and Downgrades

Several research firms recently commented on EXE. TD Securities lifted their price objective on Extendicare from C$9.50 to C$10.50 and gave the stock a “hold” rating in a report on Thursday, November 14th. BMO Capital Markets set a C$11.00 price objective on shares of Extendicare and gave the company a “market perform” rating in a report on Thursday, January 30th. Finally, Royal Bank of Canada raised their target price on shares of Extendicare from C$9.50 to C$11.00 and gave the stock a “sector perform” rating in a report on Thursday, November 28th.

Extendicare Price Performance

The firm has a 50-day simple moving average of C$10.41 and a 200-day simple moving average of C$9.43. The firm has a market capitalization of C$895.63 million, a PE ratio of 15.78 and a beta of 1.26. 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 (TSE:EXE) last announced its earnings results on Tuesday, November 12th. The company reported C$0.19 earnings per share (EPS) for the quarter. Extendicare had a net margin of 4.28% and a return on equity of 60.00%. During the same quarter last year, the business earned $0.13 earnings per share. As a group, equities analysts forecast that Extendicare Inc. will post 0.6134729 earnings per share for the current year.

Extendicare Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Friday, February 14th. Stockholders of record on Friday, February 14th will be paid a $0.04 dividend. The ex-dividend date is Friday, January 31st. This represents a $0.48 annualized dividend and a dividend yield of 4.47%. Extendicare’s dividend payout ratio (DPR) is 70.59%.

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.