Extendicare (OTCMKTS:EXETF) Stock Price Down 0.5% – Here’s What Happened

Extendicare Inc. (OTCMKTS:EXETF) was down 0.5% during trading on Thursday . The stock traded as low as $16.98 and last traded at $17.24. Approximately 2,775 shares traded hands during trading, a decline of 27% from the average daily volume of 3,799 shares. The stock had previously closed at $17.33.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on the stock. National Bankshares restated an “outperform” rating on shares of Extendicare in a report on Thursday, December 4th. BMO Capital Markets raised shares of Extendicare from a “market perform” rating to an “outperform” rating in a research report on Thursday, December 4th. TD Securities restated a “hold” rating on shares of Extendicare in a research report on Friday, November 14th. Finally, Royal Bank Of Canada raised Extendicare from a “sector perform” rating to an “outperform” rating in a research note on Thursday, December 4th. Four analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy”.

Extendicare Price Performance

The firm’s 50-day simple moving average is $15.86 and its 200-day simple moving average is $12.47.

Extendicare Cuts Dividend

The company also recently disclosed a dividend, which was paid on Monday, December 15th. Investors of record on Monday, December 1st were paid a $0.03 dividend. The ex-dividend date of this dividend was Friday, November 28th. This represents a yield of 244.0%. Extendicare’s dividend payout ratio is -185.01%.

Extendicare Company Profile

Extendicare Inc (OTCMKTS:EXETF) is a Canada-based senior care provider headquartered in Markham, Ontario. The company specializes in the ownership and operation of long-term care homes, retirement residences and home health care services. It is publicly listed on the Toronto Stock Exchange under the symbol EXE and trades in the over-the-counter market as EXETF.

Extendicare’s operations are organized into two primary segments. The Long-Term Care & Retirement Living division operates approximately 120 facilities under the Extendicare and EspritVitalité banners, serving residents in Ontario, Alberta, Saskatchewan and parts of Atlantic Canada.