Orchid Island Capital (ORC) Lifted to Strong-Buy at ValuEngine
Orchid Island Capital (NYSE:ORC) was upgraded by equities research analysts at ValuEngine from a “buy” rating to a “strong-buy” rating in a note issued to investors on Saturday.
Separately, Zacks Investment Research raised Orchid Island Capital from a “hold” rating to a “strong-buy” rating and set a $11.00 price target for the company in a research note on Thursday, November 2nd. Two research analysts have rated the stock with a hold rating, one has issued a buy rating and one has issued a strong buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus target price of $11.00.
Shares of Orchid Island Capital (NYSE:ORC) traded down $0.17 during mid-day trading on Friday, reaching $7.87. The company’s stock had a trading volume of 3,071,589 shares, compared to its average volume of 1,420,000. Orchid Island Capital has a 52-week low of $7.84 and a 52-week high of $12.60. The company has a market capitalization of $362.87, a price-to-earnings ratio of -13.81 and a beta of 0.49.
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Orchid Island Capital Company Profile
Orchid Island Capital, Inc is a specialty finance company that invests in residential mortgage-backed securities (RMBS). The Company’s business objective is to provide attractive risk-adjusted total returns to its investors over the long term through a combination of capital appreciation and the payment of regular monthly distributions.
To view ValuEngine’s full report, visit ValuEngine’s official website.
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