Mexico Equity & Income Fund (NYSE:MXE) Stock Price Crosses Below 200 Day Moving Average – Here’s Why

Mexico Equity & Income Fund Inc. (NYSE:MXE) crossed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $8.86 and traded as low as $8.37. Mexico Equity & Income Fund shares last traded at $8.41, with a volume of 4,926 shares traded.

Mexico Equity & Income Fund Stock Performance

The stock’s 50-day moving average is $8.36 and its 200 day moving average is $8.86.

Mexico Equity & Income Fund Cuts Dividend

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

Mexico Equity & Income Fund Company Profile

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.