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

Shares of Extendicare Inc. (TSE:EXE) crossed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of C$14.68 and traded as high as C$20.56. Extendicare shares last traded at C$20.44, with a volume of 170,774 shares.

Analysts Set New Price Targets

Several research analysts have issued reports on EXE shares. Cibc World Mkts upgraded Extendicare to a “strong-buy” rating in a research report on Monday, September 22nd. BMO Capital Markets upped their price target on shares of Extendicare from C$15.00 to C$21.00 in a research note on Monday, November 17th. TD Securities increased their price target on shares of Extendicare from C$15.00 to C$19.00 in a report on Thursday, November 13th. National Bankshares raised their price objective on shares of Extendicare from C$16.10 to C$17.50 and gave the company an “outperform” rating in a research note on Wednesday, October 8th. Finally, CIBC boosted their price objective on shares of Extendicare from C$18.00 to C$22.00 in a report on Thursday, November 13th. Two equities research analysts have rated the stock with a Strong Buy rating, two have assigned a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat.com, Extendicare has a consensus rating of “Buy” and an average target price of C$19.88.

Extendicare Trading Down 0.4%

The firm has a market cap of C$1.71 billion, a price-to-earnings ratio of 19.28 and a beta of 0.90. The business has a 50 day moving average of C$16.85 and a 200 day moving average of C$14.68. The company has a quick ratio of 0.98, a current ratio of 0.62 and a debt-to-equity ratio of 283.02.

Extendicare Announces Dividend

The company also recently declared a monthly dividend, which was paid on Monday, November 17th. Shareholders of record on Monday, November 17th were paid a dividend of $0.042 per share. This represents a c) annualized dividend and a dividend yield of 2.5%. The ex-dividend date of this dividend was Friday, October 31st. Extendicare’s dividend payout ratio (DPR) is currently 46.60%.

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.