EAGLE POINT CR/COM (NYSE:ECC) Downgraded to “Sell” at ValuEngine
Separately, National Securities restated a “buy” rating and issued a $24.00 price target on shares of EAGLE POINT CR/COM in a report on Thursday, May 23rd. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and one has assigned a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average target price of $24.00.
Shares of NYSE:ECC traded down $0.22 on Wednesday, hitting $16.17. 115,766 shares of the company’s stock were exchanged, compared to its average volume of 185,978. The stock has a market capitalization of $387.62 million, a price-to-earnings ratio of 10.17 and a beta of 0.59. EAGLE POINT CR/COM has a 12 month low of $12.16 and a 12 month high of $19.41. The business’s 50 day simple moving average is $16.88 and its two-hundred day simple moving average is $17.30.
About EAGLE POINT CR/COM
Eagle Point Credit Company Inc is a closed ended fund launched and managed by Eagle Point Credit Management LLC. It invests in fixed income markets of the United States. The fund invests equity and junior debt tranches of collateralized loan obligations consisting primarily of below investment grade U.S.
Further Reading: Convertible Shares
To view ValuEngine’s full report, visit ValuEngine’s official website.
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