Extendicare (TSE:EXE) Stock Price Crosses Below 200-Day Moving Average of $7.29

Extendicare Inc. (TSE:EXE)’s share price passed below its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of C$7.29 and traded as low as C$7.20. Extendicare shares last traded at C$7.23, with a volume of 66,392 shares traded.

Analyst Ratings Changes

EXE has been the topic of several analyst reports. Leede Jones Gable increased their target price on shares of Extendicare from C$7.00 to C$8.50 and gave the stock a “buy” rating in a research report on Monday, March 11th. Royal Bank of Canada increased their target price on shares of Extendicare from C$8.00 to C$8.50 and gave the stock a “sector perform” rating in a research report on Tuesday, May 21st. Finally, TD Securities increased their target price on shares of Extendicare from C$7.50 to C$8.00 and gave the stock a “hold” rating in a research report on Friday, May 17th.

Extendicare Trading Down 0.1 %

The company has a market capitalization of C$602.84 million, a price-to-earnings ratio of 17.63 and a beta of 1.23. The company has a 50-day moving average price of C$7.45 and a 200-day moving average price of C$7.29. The company has a quick ratio of 0.98, a current ratio of 0.82 and a debt-to-equity ratio of 365.69.

Extendicare (TSE:EXE) last issued its quarterly earnings results on Wednesday, May 15th. The company reported C$0.14 earnings per share (EPS) for the quarter. The company had revenue of C$367.10 million for the quarter, compared to the consensus estimate of C$310.00 million. Extendicare had a return on equity of 37.03% and a net margin of 2.63%. Research analysts predict that Extendicare Inc. will post 0.4687697 EPS for the current fiscal year.

Extendicare Dividend Announcement

The company also recently announced a monthly dividend, which will be paid on Monday, July 15th. Investors of record on Friday, June 28th will be given a dividend of $0.04 per share. This represents a $0.48 dividend on an annualized basis and a yield of 6.64%. The ex-dividend date is Friday, June 28th. Extendicare’s dividend payout ratio (DPR) is presently 117.07%.

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.