News coverage about Mexico Equity and Income Fund (NYSE:MXE) has trended somewhat positive recently, according to Accern Sentiment. The research firm identifies negative and positive media coverage by analyzing more than twenty million news and blog sources in real time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Mexico Equity and Income Fund earned a media sentiment score of 0.01 on Accern’s scale. Accern also assigned press coverage about the investment management company an impact score of 45.1407047147961 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the next several days.
Shares of Mexico Equity and Income Fund (NYSE:MXE) opened at $10.55 on Wednesday. Mexico Equity and Income Fund has a 1-year low of $8.69 and a 1-year high of $12.22.
In related news, major shareholder City Of London Investment Grou purchased 4,800 shares of the company’s stock in a transaction dated Friday, November 24th. The shares were purchased at an average price of $10.65 per share, with a total value of $51,120.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Company insiders own 47.61% of the company’s stock.
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The Mexico Equity and Income Fund, Inc (the Fund) is a closed-end, non-diversified management investment company. The Fund’s investment objective is to seek high total return through capital appreciation and current income by investing at least 80% of the Fund’s assets in equity and convertible securities issued by Mexican companies and debt securities of Mexican issuers.
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