S&P 500 slips on report Fed’s Waller leading race to replace Powell; tech shines
In a challenging year for small-cap investments, Royce Micro-Cap Trust (RMT) stock has touched a 52-week low, dipping to $7.26. According to InvestingPro data, the fund's RSI indicates oversold conditions, while maintaining an impressive 32-year streak of consecutive dividend payments with a current yield of 10.11%. The fund, which specializes in smaller company investments, has faced a significant downturn over the past year, with a 1-year change showing a decline of 21.34%. This performance reflects broader market trends that have seen investors pivot away from riskier small-cap stocks amid economic uncertainties. The 52-week low marks a critical point for RMT, as investors and analysts alike scrutinize the fund's strategy and potential for recovery in a volatile market environment. Despite the recent decline, the fund maintains strong fundamentals with a P/E ratio of 5.8 and a healthy current ratio of 4.97, indicating solid financial positioning. Get access to 8 more exclusive InvestingPro Tips for deeper analysis.
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