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

Extendicare Inc. (TSE:EXE)’s stock price crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of C$24.87 and traded as high as C$34.58. Extendicare shares last traded at C$33.32, with a volume of 239,413 shares traded.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on the stock. National Bank Financial lifted their price objective on shares of Extendicare from C$32.00 to C$34.00 and gave the company an “outperform” rating in a research report on Tuesday, May 12th. TD lifted their price objective on shares of Extendicare from C$32.00 to C$39.00 and gave the company a “buy” rating in a research report on Monday, May 11th. Desjardins set a C$34.50 target price on Extendicare and gave the stock a “buy” rating in a research report on Wednesday, April 22nd. TD Securities upgraded Extendicare from a “hold” rating to a “buy” rating and boosted their target price for the stock from C$19.00 to C$32.00 in a research report on Monday, April 6th. Finally, Canaccord Genuity Group upgraded Extendicare to a “strong-buy” rating in a research report on Monday, May 11th. Two investment analysts have rated the stock with a Strong Buy rating and six have issued a Buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Buy” and an average target price of C$31.89.

Extendicare Stock Down 1.8%

The company has a debt-to-equity ratio of 82.55, a current ratio of 1.44 and a quick ratio of 0.98. The company has a market capitalization of C$3.16 billion, a PE ratio of 24.52 and a beta of 1.27. The business has a 50-day moving average of C$29.33 and a 200 day moving average of C$24.87.

Extendicare (TSE:EXE) last posted its earnings results on Thursday, May 7th. The company reported C$0.42 EPS for the quarter. The company had revenue of C$465.22 million for the quarter. Extendicare had a return on equity of 45.35% and a net margin of 6.99%. Equities research analysts predict that Extendicare Inc. will post 0.6134729 earnings per share for the current year.

Extendicare Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Monday, June 15th. Investors of record on Monday, June 15th will be given a $0.0441 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 1.6%. The ex-dividend date is Friday, May 29th. Extendicare’s payout ratio is currently 37.24%.

About Extendicare

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.