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

Extendicare Inc. (TSE:EXE)’s stock price passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of C$7.99 and traded as high as C$9.24. Extendicare shares last traded at C$9.20, with a volume of 66,983 shares traded.

Analyst Ratings Changes

EXE has been the topic of a number of research analyst reports. Royal Bank of Canada boosted their target price on Extendicare from C$8.50 to C$9.50 in a research report on Monday, August 19th. TD Securities boosted their target price on Extendicare from C$9.00 to C$9.50 and gave the stock a “hold” rating in a research report on Wednesday, September 4th.

Extendicare Stock Performance

The company has a debt-to-equity ratio of 305.80, a current ratio of 0.60 and a quick ratio of 0.98. The business has a 50-day simple moving average of C$9.04 and a 200-day simple moving average of C$7.99. The firm has a market capitalization of C$767.92 million, a PE ratio of 13.53 and a beta of 1.26.

Extendicare (TSE:EXE) last issued 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 for the quarter, compared to the consensus estimate of C$360.20 million. Equities research analysts expect that Extendicare Inc. will post 0.6134729 earnings per share for the current fiscal year.

Extendicare Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Friday, November 15th. Shareholders of record on Thursday, October 31st will be given a dividend of $0.04 per share. The ex-dividend date is Thursday, October 31st. This represents a $0.48 dividend on an annualized basis and a yield of 5.22%. Extendicare’s dividend payout ratio (DPR) is presently 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.