Extendicare (OTCMKTS:EXETF) Stock Price Down 1.6% – Time to Sell?

Extendicare Inc. (OTCMKTS:EXETF) shares fell 1.6% during mid-day trading on Friday . The stock traded as low as $23.42 and last traded at $23.42. 2,204 shares changed hands during trading, a decline of 33% from the average session volume of 3,282 shares. The stock had previously closed at $23.8025.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on EXETF. Canadian Imperial Bank of Commerce reiterated an “outperform” rating on shares of Extendicare in a report on Monday, May 11th. TD Securities reiterated a “buy” rating on shares of Extendicare in a report on Monday, May 11th. Five research analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the stock currently has an average rating of “Buy”.

Extendicare Price Performance

The firm has a 50 day simple moving average of $22.56 and a 200-day simple moving average of $19.06.

About Extendicare

Extendicare Inc (OTCMKTS:EXETF) is a Canada-based senior care provider headquartered in Markham, Ontario. The company specializes in the ownership and operation of long-term care homes, retirement residences and home health care services. It is publicly listed on the Toronto Stock Exchange under the symbol EXE and trades in the over-the-counter market as EXETF.

Extendicare’s operations are organized into two primary segments. The Long-Term Care & Retirement Living division operates approximately 120 facilities under the Extendicare and EspritVitalité banners, serving residents in Ontario, Alberta, Saskatchewan and parts of Atlantic Canada.