Extendicare (TSE:EXE) Shares Cross Below Two Hundred Day Moving Average – Here’s Why

Extendicare Inc. (TSE:EXE)’s share price passed below its two hundred day moving average during trading on Tuesday. The stock has a two hundred day moving average of C$32.04 and traded as low as C$26.64. Extendicare shares last traded at C$26.68, with a volume of 1,283,242 shares.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on EXE shares. Royal Bank Of Canada lifted their target price on shares of Extendicare from C$38.00 to C$39.00 and gave the company an “outperform” rating in a research note on Friday, August 14th. Canaccord Genuity Group raised their price target on Extendicare from C$37.00 to C$44.00 and gave the company a “buy” rating in a report on Monday, August 10th. Finally, Desjardins cut their price objective on Extendicare from C$40.00 to C$39.00 and set a “buy” rating for the company in a research report on Monday, August 10th. Seven investment analysts have rated the stock with a Buy rating, According to data from MarketBeat, the company has a consensus rating of “Buy” and an average price target of C$37.00.

Extendicare Stock Performance

The stock’s 50 day simple moving average is C$31.35 and its two-hundred day simple moving average is C$32.05. The company has a market capitalization of C$2.59 billion, a P/E ratio of 20.83 and a beta of 1.39. The company has a debt-to-equity ratio of 159.54, a current ratio of 0.75 and a quick ratio of 0.98.

Extendicare (TSE:EXE) last released its quarterly earnings results on Thursday, August 6th. The company reported C$0.38 EPS for the quarter. The business had revenue of C$611.04 million for the quarter. Extendicare had a net margin of 6.13% and a return on equity of 36.33%. As a group, research analysts expect that Extendicare Inc. will post 0.6134729 earnings per share for the current year.

Extendicare Announces Dividend

The company also recently disclosed a monthly dividend, which was paid on Monday, August 17th. Shareholders of record on Monday, August 17th were given a $0.0441 dividend. This represents a $0.53 dividend on an annualized basis and a yield of 1.9%. The ex-dividend date was Friday, July 31st. Extendicare’s dividend payout ratio (DPR) is presently 39.23%.

Extendicare Company Profile

Extendicare is a leading provider of care and services for seniors across Canada, operating under the Extendicare, ParaMed, Extendicare Assist, and SGP Purchasing Network brands. We are committed to delivering quality care to meet the needs of the growing seniors’ population, inspired by our mission to provide people with the care they need, wherever they call home. We deliver more than 27 million hours of home health care services annually, operate a network of 97 long-term care homes (58 owned, 39 under management contracts), and provide group purchasing services to third parties representing approximately 161,700 beds across Canada.