Extendicare (TSE:EXE) Stock Price Crosses Below 200-Day Moving Average of $6.94

Extendicare Inc. (TSE:EXEGet Rating) passed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of C$6.94 and traded as low as C$6.55. Extendicare shares last traded at C$6.57, with a volume of 276,937 shares.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on the stock. National Bankshares cut their price objective on shares of Extendicare from C$8.00 to C$7.50 in a report on Monday, October 24th. TD Securities cut their target price on shares of Extendicare from C$7.50 to C$7.00 and set a “hold” rating for the company in a research note on Thursday, October 20th. Finally, Royal Bank of Canada decreased their price target on shares of Extendicare from C$8.00 to C$7.50 and set a “sector perform” rating on the stock in a research note on Thursday, November 17th.

Extendicare Trading Down 0.2 %

The firm has a market cap of C$551.48 million and a P/E ratio of 657.00. The stock has a 50 day simple moving average of C$6.63 and a 200-day simple moving average of C$6.94. The company has a current ratio of 1.09, a quick ratio of 0.98 and a debt-to-equity ratio of 285.11.

Extendicare (TSE:EXEGet Rating) last posted its earnings results on Thursday, November 10th. The company reported C$0.04 earnings per share for the quarter, beating analysts’ consensus estimates of C$0.03 by C$0.01. The business had revenue of C$308.89 million during the quarter, compared to analysts’ expectations of C$312.80 million. On average, equities research analysts expect that Extendicare Inc. will post 0.24 EPS for the current fiscal year.

Extendicare Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Wednesday, February 15th. Shareholders of record on Tuesday, January 31st will be given a dividend of $0.04 per share. The ex-dividend date of this dividend is Monday, January 30th. This represents a $0.48 dividend on an annualized basis and a yield of 7.31%. Extendicare’s dividend payout ratio (DPR) is presently 4,800.00%.

Extendicare Company Profile

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Extendicare Inc, through its subsidiaries, provides care and services for seniors in Canada. The company offers long term care (LTC) services; retirement living services; and home health care services, such as nursing care, occupational, physical and speech therapy, and assistance with daily activities, as well as contract and consulting services to third parties.

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