Orchid Island Capital (ORC) : Analyst Rating Update

Orchid Island Capital (ORC) has an average broker rating of 1, which is interpreted as a Strong Buy, as rated by 2 equity analysts. Nonetheless, 2 analysts are positive on the stocks future and they recommend a Strong Buy on the stock. Ranking by Zacks Investment Research for Coach Inc is 3, which is also a Hold.

Orchid Island Capital (ORC) stock is expected to deviate a maximum of $0.35 from the average target price of $10.75 for the short term period. 2 Street Experts have initiated coverage on the stock with the most promising target being $11 and the most muted being $11.

Orchid Island Capital (NYSE:ORC): During Wednesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $10.26 and $10.08 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $10.30. The buying momentum continued till the end and the stock did not give up its gains. It closed at $10.29, notching a gain of 0.78% for the day. The total traded volume was 211,105 . The stock had closed at $10.21 on the previous day.

The company shares have dropped -11.14% from its 1 Year high price. On Jul 9, 2015, the shares registered one year high at $11.63 and the one year low was seen on Aug 24, 2015. The 50-Day Moving Average price is $10.39 and the 200 Day Moving Average price is recorded at $9.93.

Orchid Island Capital, Inc. (Orchid) is a specialty finance company that invests in residential mortgage-backed securities (RMBS). The Companys 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. The Companys portfolio consists of two categories of Agency RMBS: traditional pass-through Agency RMBS and structured Agency RMBS, such as collateralized mortgage obligations (CMOs), interest only securities (IOs), inverse interest only securities (IIOs) and principal only securities (POs), among other types of structured Agency RMBS. The Company is managed and advised by Bimini Advisors, LLC.

Leave a Reply

Get Pre-Market Alerts!

Get Pre-Market Analysts' Upgrades, Downgrades, Earnings & Initiations with our FREE daily email newsletter.