Is This Stock a Screaming Buy: Atlantic Coast Financial Corporation (NASDAQ:ACFC)

Equity Research firms currently have a positive stance on shares of Atlantic Coast Financial Corporation (NASDAQ:ACFC). The majority of analysts covering the equity have a consensus Strong Buy recommendation on the stock, yielding a score of 1.00. This is based on the research brokerage reports taken into consideration by Thomson Reuters. Those same analysts are projecting that the stock will reach $8.00 on a short term basis.

At the time of writing, the stock was trading at $6.51. This represents a change from the opening price of 2.46%. In terms of performance, year to date, the stock is 10.92%. The monthly stock performance comes in at -2.69%. For the quarter, shares are performing at 7.08%. Weekly performance analysis shows the equity at 4.00%.

In taking a look at technical levels, shares are trading 3.26% away from the 50 day simple moving average and 7.54% away from the 200 day simple moving average. Based on a recent bid, the stock is trading -6.39% away from it’s 52- week high and 29.34% away from its 52 week low. After the recent moves, investors may also look to see if the stock has entered oversold or overbought territory and could be ripe for a bounce. As of writing, Atlantic Coast Financial Corporation’s RSI stands at 57.82. In looking at volatility levels, the shares saw weekly volatility of 1.63% and 2.98% over the past month.

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