Extendicare (OTCMKTS:EXETF) Trading 1.3% Higher – Here’s Why

Extendicare Inc. (OTCMKTS:EXETF) shares traded up 1.3% during mid-day trading on Thursday . The stock traded as high as $15.86 and last traded at $15.86. 4,861 shares traded hands during trading, an increase of 144% from the average session volume of 1,992 shares. The stock had previously closed at $15.6520.

Analyst Ratings Changes

A number of analysts have commented on the company. CIBC assumed coverage on Extendicare in a research report on Monday, September 22nd. They issued an “outperform” rating for the company. National Bankshares reaffirmed an “outperform” rating on shares of Extendicare in a research report on Thursday, December 4th. TD Securities reiterated a “hold” rating on shares of Extendicare in a research note on Friday, November 14th. Royal Bank Of Canada raised shares of Extendicare from a “sector perform” rating to an “outperform” rating in a report on Thursday, December 4th. Finally, BMO Capital Markets upgraded shares of Extendicare from a “market perform” rating to an “outperform” rating in a research note on Thursday, December 4th. Four investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy”.

Extendicare Price Performance

The company has a 50 day moving average of $14.76 and a 200 day moving average of $11.82.

Extendicare Cuts Dividend

The company also recently announced a dividend, which was paid on Monday, December 15th. Stockholders of record on Monday, December 1st were paid a $0.03 dividend. This represents a dividend yield of 244.0%. The ex-dividend date was Friday, November 28th. Extendicare’s payout ratio is currently -185.01%.

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.