Extendicare (TSE:EXE) Stock Price Crosses Below 200-Day Moving Average of $8.58

Extendicare Inc (TSE:EXE)’s share price crossed below its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $8.58 and traded as low as $8.41. Extendicare shares last traded at $8.46, with a volume of 126,795 shares traded.

Several brokerages recently issued reports on EXE. National Bank Financial upped their target price on Extendicare from C$8.50 to C$9.00 and gave the company a “sector perform” rating in a research report on Wednesday, October 16th. Echelon Wealth Partners downgraded Extendicare from a “buy” rating to a “hold” rating in a report on Monday, November 11th. Finally, Royal Bank of Canada boosted their price target on Extendicare from C$8.50 to C$9.00 and gave the stock a “sector perform” rating in a research note on Tuesday, August 20th. Four analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average price target of C$9.00.

The company has a current ratio of 0.74, a quick ratio of 0.66 and a debt-to-equity ratio of 489.52. The company has a market cap of $752.60 million and a PE ratio of 30.11. The firm’s 50-day simple moving average is C$8.80 and its two-hundred day simple moving average is C$8.59.

The business also recently declared a monthly dividend, which will be paid on Monday, December 16th. Shareholders of record on Monday, December 16th will be issued a $0.04 dividend. The ex-dividend date is Tuesday, November 26th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 5.69%. Extendicare’s dividend payout ratio is currently 171.43%.

Extendicare Company Profile (TSE:EXE)

Extendicare Inc provides care and services for seniors in Canada. The company offers long term care services; retirement living services; and home health care services, such as nursing care, occupational, physical and speech therapy, and assistance with daily activities, as well as management and consulting services to third-party owners.

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