Extendicare (TSE:EXE) Stock Price Crosses Below Two Hundred Day Moving Average – Here’s Why

Extendicare Inc. (TSE:EXE) shares crossed below its 200-day moving average during trading on Monday. The stock has a 200-day moving average of C$31.95 and traded as low as C$31.13. Extendicare shares last traded at C$31.22, with a volume of 422,100 shares trading hands.

Analyst Upgrades and Downgrades

EXE has been the topic of several recent research reports. Canaccord Genuity Group upped their price target on Extendicare from C$37.00 to C$44.00 and gave the stock a “buy” rating in a research note on Monday, August 10th. Royal Bank Of Canada raised their price objective on Extendicare from C$38.00 to C$39.00 and gave the company an “outperform” rating in a research report on Friday, August 14th. Finally, Desjardins dropped their target price on shares of Extendicare from C$40.00 to C$39.00 and set a “buy” rating on the stock in a report on Monday, August 10th. Seven analysts have rated the stock with a Buy rating, According to MarketBeat.com, the company has a consensus rating of “Buy” and a consensus target price of C$37.00.

Extendicare Stock Performance

The company has a debt-to-equity ratio of 159.54, a quick ratio of 0.98 and a current ratio of 0.75. The business has a 50-day moving average price of C$32.47 and a 200 day moving average price of C$31.98. The stock has a market capitalization of C$2.84 billion, a P/E ratio of 22.85 and a beta of 1.36.

Extendicare (TSE:EXE) last posted its quarterly earnings data on Thursday, August 6th. The company reported C$0.32 earnings per share for the quarter. The company had revenue of C$611.04 million during the quarter. Extendicare had a return on equity of 36.33% and a net margin of 6.13%. As a group, sell-side analysts forecast that Extendicare Inc. will post 0.6134729 EPS for the current fiscal year.

Extendicare Dividend Announcement

The business also recently declared a monthly dividend, which was paid on Monday, August 17th. Stockholders of record on Monday, August 17th were issued a dividend of $0.0441 per share. The ex-dividend date was Friday, July 31st. This represents a $0.53 annualized dividend and a dividend yield of 1.8%. 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.