Mexico Equity & Income Fund (NYSE:MXE) Shares Pass Below Two Hundred Day Moving Average – Time to Sell?

Mexico Equity & Income Fund Inc. (NYSE:MXEGet Free Report) shares crossed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $8.93 and traded as low as $7.97. Mexico Equity & Income Fund shares last traded at $8.03, with a volume of 19,273 shares changing hands.

Mexico Equity & Income Fund Trading Up 0.4 %

The company’s 50-day simple moving average is $8.39 and its two-hundred day simple moving average is $8.93.

Mexico Equity & Income Fund Cuts Dividend

The company also recently declared an annual dividend, which was paid on Tuesday, December 31st. Shareholders of record on Monday, December 23rd were given a dividend of $0.2981 per share. The ex-dividend date of this dividend was Monday, December 23rd. This represents a yield of 3.5%.

Mexico Equity & Income Fund Company Profile

(Get Free Report)

Mexico Equity & Income Fund Inc is a closed ended balanced mutual fund launched and managed by Pichardo Asset Management, SA de C.V. The fund invests in the fixed income and public equity markets of Mexico. It also invests some portion in the convertible securities. The fund invests in the stocks of companies operating across diversified sectors.

Further Reading

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