In a year marked by volatility, Mexico Equity and Income Fund Inc. (MXE) stock has reached a 52-week low, trading at $8.55. This latest price point reflects a significant downturn from the fund's performance over the past year, with a recorded 1-year change showing a decline of -7.14%. Investors are closely monitoring MXE as it navigates through the economic pressures that have led to this low, considering the broader implications for emerging market funds and the potential for future recovery.
InvestingPro Insights
Recent data from InvestingPro sheds additional light on Mexico Equity and Income Fund Inc.'s (MXE) current financial situation. As of the last twelve months ending Q4 2024, MXE reported a revenue of $3.3 million, with a notable revenue growth of 7.14%. This growth is particularly impressive when looking at the quarterly figures, which show a substantial 93.83% increase in Q4 2024.
Despite these positive revenue trends, InvestingPro Tips highlight some challenges for MXE. The fund has not been profitable over the last twelve months, which aligns with the reported basic and diluted EPS of -$1.52. Additionally, MXE's short-term obligations exceed its liquid assets, potentially indicating liquidity concerns.
For investors seeking income, it's worth noting that MXE offers a dividend yield of 3.45%, with the last ex-dividend date on December 27, 2023. This yield may be attractive to some investors, especially in light of the fund's current price, which stands at 74.98% of its 52-week high.
InvestingPro offers 2 additional tips for MXE, providing deeper insights into the fund's financial health and market position. Investors interested in a more comprehensive analysis can explore these additional tips and metrics on the InvestingPro platform.
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