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

Extendicare Inc. (TSE:EXE)’s share price crossed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of C$31.46 and traded as low as C$30.76. Extendicare shares last traded at C$30.95, with a volume of 418,634 shares.

Wall Street Analysts Forecast Growth

EXE has been the topic of several analyst reports. Canaccord Genuity Group upped their target price on shares of Extendicare from C$37.00 to C$44.00 and gave the stock a “buy” rating in a research note on Monday, August 10th. Royal Bank Of Canada boosted their price objective on shares of Extendicare from C$38.00 to C$39.00 and gave the stock an “outperform” rating in a report on Friday, August 14th. Desjardins lowered their price objective on Extendicare from C$40.00 to C$39.00 and set a “buy” rating on the stock in a research report on Monday, August 10th. Finally, National Bank Financial increased their target price on Extendicare from C$34.00 to C$40.00 and gave the company an “outperform” rating in a research note on Wednesday, May 27th. One research analyst has rated the stock with a Strong Buy rating and seven have given a Buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Buy” and an average price target of C$37.00.

Extendicare Stock Performance

The business’s fifty day moving average price is C$34.12 and its 200-day moving average price is C$31.51. The company has a debt-to-equity ratio of 159.54, a quick ratio of 0.98 and a current ratio of 0.75. The stock has a market cap of C$2.95 billion, a PE ratio of 23.74 and a beta of 1.36.

Extendicare (TSE:EXE) last announced its quarterly earnings results on Thursday, August 6th. The company reported C$0.32 EPS for the quarter. Extendicare had a net margin of 6.13% and a return on equity of 36.33%. The firm had revenue of C$611.04 million during the quarter. As a group, equities research analysts forecast that Extendicare Inc. will post 0.6134729 EPS for the current fiscal year.

Extendicare Dividend Announcement

The business also recently announced a monthly dividend, which was paid on Monday, August 17th. Shareholders of record on Monday, August 17th were given a $0.0441 dividend. This represents a c) dividend on an annualized basis and a yield of 1.7%. The ex-dividend date of this dividend was Friday, July 31st. Extendicare’s payout ratio is 39.23%.

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.