Extendicare (OTCMKTS:EXETF) Trading 1.1% Higher – Here’s Why

Extendicare Inc. (OTCMKTS:EXETF)’s stock price was up 1.1% during mid-day trading on Friday . The stock traded as high as $11.65 and last traded at $11.64. Approximately 515 shares traded hands during mid-day trading, a decline of 96% from the average daily volume of 12,908 shares. The stock had previously closed at $11.51.

Wall Street Analyst Weigh In

Several research analysts have recently commented on EXETF shares. CIBC assumed coverage on Extendicare in a report on Monday, September 22nd. They set an “outperform” rating on the stock. BMO Capital Markets restated a “market perform” rating on shares of Extendicare in a research report on Monday, August 11th. One analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Hold”.

Extendicare Price Performance

The firm’s fifty day moving average is $11.02 and its 200-day moving average is $10.31.

Extendicare Cuts Dividend

The business also recently declared a dividend, which was paid on Wednesday, October 15th. Stockholders of record on Wednesday, October 1st were paid a $0.0303 dividend. This represents a dividend yield of 358.0%. The ex-dividend date of this dividend was Tuesday, September 30th. Extendicare’s payout ratio is -185.01%.

Extendicare Company Profile

Extendicare Inc, through its subsidiaries, provides care and services for seniors in Canada. The company offers long term care (LTC) services; and home health care services, such as nursing care, occupational, physical and speech therapy, and assistance with daily activities, as well as management, consulting, and other services to third parties.