Extendicare (OTCMKTS:EXETF) Stock Price Down 0.5% – Here’s What Happened

Extendicare Inc. (OTCMKTS:EXETF)’s share price was down 0.5% during mid-day trading on Thursday . The stock traded as low as $16.98 and last traded at $17.24. Approximately 2,775 shares changed hands during mid-day trading, a decline of 27% from the average daily volume of 3,799 shares. The stock had previously closed at $17.33.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on EXETF. Royal Bank Of Canada raised Extendicare from a “sector perform” rating to an “outperform” rating in a report on Thursday, December 4th. TD Securities reiterated a “hold” rating on shares of Extendicare in a report on Friday, November 14th. BMO Capital Markets upgraded shares of Extendicare from a “market perform” rating to an “outperform” rating in a report on Thursday, December 4th. Finally, National Bankshares reaffirmed an “outperform” rating on shares of Extendicare in a report on Thursday, December 4th. Four investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy”.

Extendicare Stock Performance

The firm’s fifty day moving average is $15.91 and its 200 day moving average is $12.52.

Extendicare Cuts Dividend

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