The stock of Blackrock Muniassets Fund Inc. (MUA, Financial) recently experienced notable volatility, with its price dropping by 5.80% to $11.85. The trading volume reached 147,946 shares, with a turnover rate of 0.38% and a price fluctuation amplitude of 4.21%.
According to the latest financial reports, Blackrock Muniassets achieved revenue of $23.71 million and a net profit of $46.14 million, resulting in earnings per share of $1.20. The price-to-earnings ratio stands at 9.85. Currently, there are no institutional ratings providing "buy," "hold," or "sell" recommendations for this stock.
The asset management sector, where Blackrock Muniassets operates, witnessed an overall decline of 1.06%. Notable gainers in the sector included Northern Trust, Rand Capital, and State Street Bank. Additionally, stocks like Cushing Mlp & Infrastructure Total Return Fund, Beneficient, and Invesco High Income 2024 Target Term Fund showed significant activity with turnover rates of 2.56%, 2.08%, and 2.02%, respectively. Amongst the stocks with substantial price fluctuations were Huap Group, CaliberCos Inc., and Shengde Wealth, with amplitudes of 17.00%, 9.86%, and 9.58%, respectively.
Blackrock Muniassets Fund Inc. is a closed-end fund focusing on providing high fluid income exempt from U.S. federal income tax. It primarily invests in a portfolio of medium to low-grade or unrated municipal debt.
