Extremely important positive changes in investment behavior have recently occurred for Ellington Financial Inc (NYSE: EFC): its shorter term price trend turned up, and its longer term price trend turned up.
Ellington Financial Inc (NYSE: EFC). Significant positive changes in fundamentals have recently occurred: significant quarterly earnings acceleration occurred, and the stock’s power rating rose above 70.
In light of these very positive signals we are reviewing our current Overall Rating of A. We would continue to view the shares with optimism pending completion of this review in the next several days.
Current PriceTarget Research Rating
EFC is expected to continue to be an important Value Builder reflecting capital returns that are forecasted to be above the cost of capital.
Ellington Financial has a current Value Trend Rating of A (Highest Rating). This rating combines highly consistent signals from two proprietary PTR measures of a stock’s attractiveness. Ellington Financial has a good Power Rating of 72 and a good Appreciation Score of 76, producing the Highest Value Trend Rating.
Recent Price Action
Ellington Financial Inc (NYSE: EFC) stock closed at $12.58 on 10/15/24 after a modest gain of 0.5%. However, below average trading volume at 81% of normal accompanied the advance. The stock has been strong relative to the market over the last nine months and has risen 1.7% during the last week.
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