Extendicare (TSE:EXE) Share Price Crosses Below Two Hundred Day Moving Average of $0.00

Shares of Extendicare Inc (TSE:EXE) passed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $0.00 and traded as low as $8.16. Extendicare shares last traded at $8.25, with a volume of 149,499 shares trading hands.

A number of research analysts have recently weighed in on EXE shares. CIBC increased their price objective on Extendicare from C$8.25 to C$8.50 in a report on Thursday, May 16th. Laurentian set a C$10.00 price objective on Extendicare and gave the company a “buy” rating in a report on Tuesday, April 16th. TD Securities increased their price objective on Extendicare from C$8.00 to C$8.50 and gave the company a “hold” rating in a report on Thursday, May 16th. Finally, National Bank Financial increased their price objective on Extendicare from C$7.50 to C$8.50 and gave the company a “sector perform” rating in a report on Friday, May 17th. Four research analysts have rated the stock with a hold rating and one has given a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus price target of C$8.70.

The firm’s fifty day moving average price is C$8.58. The company has a debt-to-equity ratio of 452.61, a current ratio of 0.67 and a quick ratio of 0.60. The stock has a market capitalization of $743.98 million and a price-to-earnings ratio of 24.97.

Extendicare (TSE:EXE) last posted its earnings results on Tuesday, May 14th. The company reported C$0.01 EPS for the quarter, missing the consensus estimate of C$0.14 by C($0.13). The company had revenue of C$274.27 million during the quarter, compared to analysts’ expectations of C$275.10 million. On average, analysts forecast that Extendicare Inc will post 0.26 EPS for the current year.

The business also recently announced a monthly dividend, which will be paid on Thursday, August 15th. Investors of record on Thursday, August 15th will be issued a dividend of $0.04 per share. This represents a $0.48 annualized dividend and a yield of 5.83%. The ex-dividend date is Tuesday, July 30th. Extendicare’s dividend payout ratio (DPR) is 145.45%.

About Extendicare (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.

See Also: Initial Public Offering (IPO)

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