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Eagle Point Credit Company (NYSE:ECC) Inc. (EICA) stock soared to a 52-week high this week, reaching a price level of $24.24. The achievement marks a significant milestone for the company, reflecting a period of robust performance despite the broader market’s volatility. With a healthy dividend yield of 5.19% and three consecutive years of dividend growth, the company maintains strong appeal for income-focused investors. According to InvestingPro data, EICA boasts impressive revenue growth of 72.79% and a favorable current ratio of 2.24. Over the past year, Eagle Point Credit Company has witnessed a commendable growth of 2.51%, showcasing the firm’s resilience and the positive sentiment among investors towards its business model and future prospects. This uptick to a new annual zenith underscores the confidence shareholders place in the company’s strategic direction and operational execution. Trading at a P/E ratio of 8.03 with historically low price volatility (Beta: 0.48), the stock presents an interesting profile. InvestingPro subscribers can access 6 additional key insights about EICA’s financial health and growth prospects.
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