Extendicare (TSE:EXE) Stock Price Passes Above 200-Day Moving Average - Here's Why

Extendicare Inc. (TSE:EXE - Get Free Report)'s share price crossed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of C$10.53 and traded as high as C$13.31. Extendicare shares last traded at C$13.30, with a volume of 261,885 shares.

Analysts Set New Price Targets

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

Extendicare Stock Down 2.6 %

The stock has a market cap of C$1.07 billion, a P/E ratio of 16.27 and a beta of 1.26. The company has a current ratio of 0.62, a quick ratio of 0.98 and a debt-to-equity ratio of 283.02. The stock's 50-day moving average is C$12.09 and its 200-day moving average is C$10.63.

Extendicare Dividend Announcement

The business 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. The ex-dividend date was Friday, February 28th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 3.76%. Extendicare's dividend payout ratio is presently 61.20%.

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.