Orchid Island Capital Inc (NYSE:ORC) has been upgraded to Hold in a statement by Zacks Investment Research today.
- Updated: October 11, 2016
Zacks Investment Research has upgraded Orchid Island Capital Inc (NYSE:ORC) to Hold in a statement released on 10/12/2016.
Boasting a price of $10.05, Orchid Island Capital Inc (NYSE:ORC) traded 0.00% even on the day. With the last stock price close down -4.24% from the two hundred day average, compared with the S&P 500 Index which has decreased -0.01% over the date range. Orchid Island Capital Inc has recorded a 50-day average of $10.48 and a two hundred day average of $10.50. Volume of trade was down over the average, with 0 shares of ORC changing hands under the typical 336,945
With a total market value of $0, Orchid Island Capital Inc has price-earnings ratio of 837.50 with a one year low of $7.50 and a one year high of $11.25 .
Brief Synopsis About Orchid Island Capital Inc (NYSE:ORC)
Orchid Island Capital, Inc. (Orchid) is a specialty finance company that invests in residential mortgage-backed securities (RMBS). The Company's business objective is to provide risk-adjusted total returns to its investors over the long term through a combination of capital appreciation and the payment of regular monthly distributions. Its portfolio consists of two categories of Agency RMBS: traditional pass-through Agency RMBS and structured Agency RMBS. Its pass-through securities are the securities secured by residential real property in which payments of both interest and principal on the securities are generally made monthly. The mortgage loans underlying pass-through certificates include fixed-rate mortgages, adjustable-rate mortgages (ARMs) and Hybrid ARMs. Its structured Agency RMBS consists of collateralized mortgage obligations, interest only securities, inverse interest only securities and principal only securities, among other types of structured Agency RMBS.
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