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

Extendicare Inc. (TSE:EXE)’s stock price crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of C$9.43 and traded as high as C$11.03. Extendicare shares last traded at C$10.73, with a volume of 153,937 shares trading hands.

Analysts Set New Price Targets

A number of equities research analysts have commented on the stock. Royal Bank of Canada raised their target price on shares of Extendicare from C$9.50 to C$11.00 and gave the stock a “sector perform” rating in a research note on Thursday, November 28th. TD Securities increased their price objective on shares of Extendicare from C$9.50 to C$10.50 and gave the stock a “hold” rating in a research note on Thursday, November 14th. Finally, BMO Capital Markets set a C$11.00 target price on shares of Extendicare and gave the company a “market perform” rating in a research note on Thursday, January 30th.

Extendicare Trading Down 1.6 %

The company has a debt-to-equity ratio of 305.80, a quick ratio of 0.98 and a current ratio of 0.60. The company has a market capitalization of C$895.63 million, a PE ratio of 15.78 and a beta of 1.26. The stock has a fifty day moving average of C$10.41 and a 200 day moving average of C$9.43.

Extendicare (TSE:EXE) last released its quarterly earnings data on Tuesday, November 12th. The company reported C$0.19 earnings per share (EPS) for the quarter. Extendicare had a net margin of 4.28% and a return on equity of 60.00%. During the same quarter in the previous year, the company earned $0.13 EPS. As a group, sell-side analysts predict that Extendicare Inc. will post 0.6134729 earnings per share for the current fiscal year.

Extendicare Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Friday, February 14th. Shareholders of record on Friday, February 14th will be issued a $0.04 dividend. The ex-dividend date of this dividend is Friday, January 31st. This represents a $0.48 dividend on an annualized basis and a yield of 4.47%. Extendicare’s dividend payout ratio is currently 70.59%.

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.