Shares of Ellington Financial Inc. (NYSE:EFC) traded today at $18.98, eclipsing its 52-week high. This new high was reached on above average trading volume as 1.6 million shares traded hands, while the average 30-day volume is approximately 472,000 shares.
Ellington Financial Inc. share prices have moved between a 52-week high of $18.98 and a 52-week low of $8.18 and are now trading 131% above that low price at $18.93 per share.
Ellington Financial Inc is a specialty finance company. Its primary investment objective is to generate attractive, risk-adjusted total returns for its shareholders by making investments. The company focuses on investing residential mortgage-backed securities guaranteed by U.S. government agency or a U.S. government-sponsored entity, Alternative A-paper, subprime residential mortgage loans, mortgage servicing rights, mortgage-related derivatives, commercial mortgage-backed securities and other commercial real estate debt. It also invests in corporate debt and equity securities, collateralized loan obligations, consumer loans and asset-backed securities. Revenue generated by the company consists of interest income.
Ellington Financial Inc. (NYSE:EFC) is currently priced 92.9% above its average consensus analyst price target of $1.34.
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