Stock Rating Upgrade
Reflecting improving fundamentals and high Appreciation Potential, the Value Trend Rating for Ellington Financial Inc (NYSE: EFC) improved of late. EFC’s current Value Trend Rating is B and the prior Rating was C. Details supporting this higher rating are included in our next report.
Recent Price Action
Ellington Financial Inc (NYSE: EFC) stock closed at $11.34 on 3/1/24 after a slight gain of 0.09%. NORMAL trading volume accompanied the advance. The stock has declined -6.2% during the last week and has been weak relative to the market over the last nine months.
Current PriceTarget Research Rating
With future capital returns forecasted to be above the cost of capital, EFC is expected to continue to be a Value Builder.
Ellington Financial has a current Value Trend Rating of B (Positive). This VT Rating improved in recent days from C previously. This rating combines inconsistent signals from two proprietary PTR measures of a stock’s attractiveness. Ellington Financial has a very high Appreciation Score of 94 but a neutral Power Rating of 47, and the Positive Value Trend Rating results.
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