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

Extendicare Inc. (TSE:EXE - Get Free Report)'s share price passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of C$10.32 and traded as high as C$13.17. Extendicare shares last traded at C$13.09, with a volume of 111,826 shares changing hands.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on the stock. Cormark upgraded shares of Extendicare to a "moderate buy" rating in a research report on Wednesday, February 19th. BMO Capital Markets raised their price objective on shares of Extendicare from C$11.00 to C$13.50 in a report on Monday, March 3rd. Finally, TD Securities boosted their target price on shares of Extendicare from C$10.50 to C$13.00 and gave the company a "hold" rating in a report on Monday, March 3rd.

Extendicare Stock Performance

The business's fifty day moving average price is C$11.75 and its 200-day moving average price is C$10.45. The company has a debt-to-equity ratio of 283.02, a current ratio of 0.62 and a quick ratio of 0.98. The stock has a market capitalization of C$1.09 billion, a PE ratio of 16.60 and a beta of 1.26.

Extendicare Announces Dividend

The firm also recently disclosed a monthly dividend, which was paid on Monday, March 17th. Investors of record on Monday, March 17th were paid a dividend of $0.04 per share. This represents a $0.48 annualized dividend and a yield of 3.69%. The ex-dividend date was Friday, February 28th. Extendicare's dividend payout ratio is 61.20%.

Extendicare Company Profile

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.