Ellington Financial Inc (NYSE: EFC) has recently enjoyed extremely important positive changes in investment behavior: positive upside/downside volume developed, the stock’s recent price rise disrupted its longer term downtrend, and its shorter term price trend turned up.
Small positive changes in fundamentals have recently occurred for Ellington Financial Inc (NYSE: EFC): significant quarterly earnings acceleration occurred.
In light of these very positive signals we are reviewing our current Overall Rating of B. We would continue to view the shares with optimism pending completion of this review in the next several days.
Current PriceTarget Research Rating
Ellington Financial has a current Value Trend Rating of B (Positive). The Value Trend Rating reflects consistent signals from PTR’s two proprietary measures of a stock’s attractiveness. Ellington Financial has a slightly positive Power Rating of 64 and a good Appreciation Score of 78, triggering the Positive Value Trend Rating.
Recent Price Action
Ellington Financial Inc (NYSE: EFC) stock closed at $12.48 on 1/16/25 after an increase of 1.5%. Moreover, above average trading volume at 130% of normal accompanied the advance. The stock has risen 2.0% during the last week and has performed in line with the market over the last nine months.
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