Extendicare (OTCMKTS:EXETF) Trading 1.3% Higher – Should You Buy?

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

Wall Street Analyst Weigh In

EXETF has been the subject of a number of recent research reports. TD Securities reiterated a “hold” rating on shares of Extendicare in a research note on Friday, November 14th. CIBC started coverage on shares of Extendicare in a research note on Monday, September 22nd. They set an “outperform” rating for the company. National Bankshares reissued an “outperform” rating on shares of Extendicare in a report on Thursday, December 4th. Royal Bank Of Canada upgraded Extendicare from a “sector perform” rating to an “outperform” rating in a research report on Thursday, December 4th. Finally, BMO Capital Markets raised Extendicare from a “market perform” rating to an “outperform” rating in a research report on Thursday, December 4th. Four analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat, Extendicare presently has a consensus rating of “Moderate Buy”.

Extendicare Trading Down 1.0%

The business’s 50 day moving average price is $14.84 and its 200-day moving average price is $11.86.

Extendicare Cuts Dividend

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

Extendicare Company Profile

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.