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MFS Government Markets Income Trust (MGF)

4.63   -0.01 (-0.22%) 10-24 22:11
Open: 4.64 Pre. Close: 4.64
High: 4.64 Low: 4.62
Volume: 43,822 Market Cap: 151M
MFS Government Markets Income Trust is a diversified closed-end management investment company. The Fund's investment objective is to seek high current income, but may also consider capital appreciation. It normally invests at least 80% of its net assets, including borrowings for investment purposes, in the United States and foreign government securities. The Fund also invests its assets in other types of debt instruments and other investment grade debt instruments. It invests its assets in the United States and foreign securities, including emerging market securities. The Fund's portfolio comprises bonds; cash and cash equivalent, and other. It invests in fixed income sectors, such as mortgage-backed securities, investment grade corporates, the united states government agencies, emerging markets bonds, high yield corporates, municipal bonds, collateralized debt obligations and asset-backed securities. Massachusetts Financial Services Company is the investment advisor of the Fund.

Stock Price Prediction

Update at 5:00pm EST
If tomorrow: Open lower Open higher
High: 4.651 - 4.674 4.674 - 4.692
Low: 4.555 - 4.587 4.587 - 4.613
Close: 4.586 - 4.634 4.634 - 4.672

Technical analysis

as of: 2020-10-23 4:46:33 PM
Overall:       
Stoxline posted a SELL today, downgraded from higher rating. Downward movement to be expected.
Target: Six months: 5.44     One year: 5.48
Support: Support1: 4.60    Support2: 3.83
Resistance: Resistance1: 4.66    Resistance2: 4.69
Pivot: 4.64
Moving Average: MA(5): 4.63     MA(20): 4.64
MA(100): 4.68     MA(250): 4.63
MACD: MACD(12,26): -0.01     Signal(9): -0.01
Stochastic oscillator: %K(14,3): 33.33     %D(3): 35.80
RSI: RSI(14): 45.79
52-week: High: 4.79  Low: 4.22  Change(%): 1.1
Average Vol(K): 3-Month: 10928  10-Days: 8689

Price, moving averages and Bollinger Bands

Price and moving averages has closed below its Short term moving average. Short term moving average is currently below mid-term; AND below long term moving averages. From the relationship between price and moving averages; we can see that: This stock is BEARISH in short-term; and BEARISH in mid-long term.
MGF has closed above bottom band by 37.2%. Bollinger Bands are 34.1% narrower than normal. The current width of the bands does not suggest anything about the future direction or movement of prices.

Headline News

Fri, 09 Oct 2020
Form SC 13G/A MFS GOVERNMENT MARKETS Filed by: SIT INVESTMENT ASSOCIATES INC - StreetInsider.com

Thu, 01 Oct 2020
Oct 01, 2020 - M&r Capital Management Inc Buys Qualcomm Inc, JP MORGAN ETF TRUS, Square Inc, Sells Church & Dwight Co Inc, NextEra Energy Inc, Workday Inc - GuruFocus.com

Mon, 21 Sep 2020
MFS Releases Closed-End Fund Income Distribution Sources for Certain Funds - Business Wire

Thu, 27 Aug 2020
MFS Closed End Fund Portfolio Management Team Announcement - Yahoo Finance

Mon, 06 Jul 2020
My Investing Laboratory: Some Painful Lessons - Seeking Alpha

Wed, 22 Apr 2020
The Best And Worst-Performing CEFs YTD, And 5 To Buy Now: April 2020 - Seeking Alpha

Financial Analysis

Growth n/a
Growth measures the growth of both a company's revenue and net income. it tells investors how fast a company is growing.
Profitability n/a
Profitability measures a company’s ability to generate earnings as compared to its expenses and other relevant costs.
Solvency n/a
Solvency measures a company's ability to meet its long-term debts. Acceptable solvency ratios will vary from industry to industry.
Efficiency n/a
Efficiency measures the strength of a company's return on invested capital. It can identify business that are better managed or not.
Price to Book Value: Neutral Discounted cash flow: Neutral
Return on Assets: Neutral Price to Earnings: Neutral
Return on Equity: Neutral Debt to Equity: Neutral
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Stock Basics & Statistics

Exchange:  NYSE
Sector:  Financial Services
Industry:  Asset Management
Shares Out. (M) 33
Shares Float (M)
% Held by Insiders
% Held by Institutions 58.15
Shares Short (K) 51
Shares Short P. Month (K) 12

Stock Financials

EPS 0.431
EPS Est This Year
EPS Est Next Year
Book Value (p.s.) 4.850
Profit Margin 299.45
Operating Margin 75.92
Return on Assets (ttm) 1.3
Return on Equity (ttm) 8.9
Qtrly Rev. Growth -10.2
Gross Profit (p.s.) 0.152
Sales Per Share 0.144
EBITDA (p.s.)
Qtrly Earnings Growth -5.00
Operating Cash Flow (M)
Levered Free Cash Flow (M)

Stock Valuations

PE Ratio 10.74
PEG Ratio
Price to Book value 0.95
Price to Sales 32.17
Price to Cash Flow

Stock Dividends

Dividend 0.350
Forward Dividend 0.350
Dividend Yield 0.08
Dividend Pay Date 2019-02-27
Ex-Dividend Date 2020-10-12
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