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In a challenging economic climate, Royce Micro-Cap Trust (RMT) stock has recorded a new 52-week low, dipping to $8.33. The fund currently offers an attractive 9% dividend yield and trades at a P/E ratio of 6.6, according to InvestingPro data. This latest price level reflects a notable decline in investor confidence as the fund navigates through volatile market conditions. With a beta of 1.37 and a strong current ratio of 4.97, RMT maintains solid financial fundamentals despite market volatility. Over the past year, RMT has experienced a significant downturn, with a 1-year change showing a decrease of 11.44%. This downward trend highlights the pressures faced by smaller-cap funds amidst a landscape of shifting investor priorities and broader market uncertainties. Notably, InvestingPro analysis reveals the fund has maintained dividend payments for 32 consecutive years, demonstrating remarkable consistency in shareholder returns.
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