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

Mexico Equity & Income Fund Inc. (NYSE:MXE) shares crossed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $9.01 and traded as low as $8.00. Mexico Equity & Income Fund shares last traded at $8.11, with a volume of 9,781 shares.

Mexico Equity & Income Fund Price Performance

The stock’s 50 day moving average price is $8.48 and its two-hundred day moving average price is $8.99.

Mexico Equity & Income Fund Cuts Dividend

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

About Mexico Equity & Income Fund

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.