Extendicare (OTCMKTS:EXETF) Trading Down 1% – What’s Next?

Extendicare Inc. (OTCMKTS:EXETF)’s stock price was down 1% during trading on Friday . The company traded as low as $17.95 and last traded at $17.95. Approximately 11,328 shares traded hands during trading, an increase of 265% from the average daily volume of 3,104 shares. The stock had previously closed at $18.1330.

Wall Street Analyst Weigh In

EXETF has been the topic of a number of research reports. National Bank Financial reiterated 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 report on Friday, November 14th. BMO Capital Markets upgraded Extendicare from a “market perform” rating to an “outperform” rating in a research report on Thursday, December 4th. Finally, Royal Bank Of Canada upgraded Extendicare from a “sector perform” rating to an “outperform” rating in a report on Thursday, December 4th. Four research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat.com, Extendicare currently has a consensus rating of “Moderate Buy”.

Extendicare Price Performance

The company has a 50-day moving average price of $16.64 and a 200-day moving average price of $13.41.

Extendicare Cuts Dividend

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