BCV Stock Summary and Trading Ideas (Bancroft Ltd. | AMEX:BCV)

Bancroft Fund Ltd. operates as a closed-end, diversified management investment company and invests primarily in convertible securities, with the objectives of providing income and the potential for capital appreciation; which objectives the Fund considers to be relatively equal, over the long-term, due to the nature of the securities in which it invests.

Bancroft Ltd. trades on the AMEX stock market under the symbol BCV.

As of April 17, 2024, BCV stock price climbed to $14.76 with 14,206 million shares trading.

BCV has a beta of 0.93, meaning it tends to be less sensitive to market movements. BCV has a correlation of 0.37 to the broad based SPY ETF.

BCV has a market cap of $86.02 million. This is considered a Micro Cap stock.

In the last 3 years, BCV stock traded as high as $33.59 and as low as $14.09.

BCV has underperformed the market in the last year with a price return of -3.7% while the SPY ETF gained +22.5%. BCV has also underperformed the stock market ETF in the last 3 month and 2 week periods returning -2.1% and -5.8%, respectively, while the SPY returned +6.3% and -3.6%, respectively.

BCV support price is $14.51 and resistance is $14.90 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that BCV stock will trade within this expected range on the day.