ECF Stock Summary and Trading Ideas (Ellsworth Growth And Income Ltd. | AMEX:ECF)

Ellsworth Fund Ltd. operates as a closed-end, diversified management investment company and invests primarily in convertible and equity 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.

Ellsworth Growth And Income Ltd. trades on the AMEX stock market under the symbol ECF.

As of May 8, 2024, ECF stock price declined to $7.93 with 28,035 million shares trading.

ECF has a beta of 0.77, meaning it tends to be less sensitive to market movements. ECF has a correlation of 0.42 to the broad based SPY ETF.

ECF has a market cap of $109.03 million. This is considered a Micro Cap stock.

In the last 3 years, ECF stock traded as high as $15.37 and as low as $7.02.

ECF has underperformed the market in the last year with a return of +6.3%, while the SPY ETF gained +26.9%. In the last 3 month period, ECF fell short of the market, returning +1.8%, while SPY returned +4.1%. However, in the most recent 2 weeks ECF has outperformed the stock market by returning +2.3%, while SPY returned +2.2%.

ECF support price is $7.87 and resistance is $8.03 (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 ECF stock will trade within this expected range on the day.