Shares of Royce Value Trust Inc. (NYSE:RVT) traded today at $20.00, eclipsing its 52-week high. So far today approximately 80,000 shares have been exchanged, as compared to an average 30-day volume of 190,000 shares.
Royce Value Trust Inc. share prices have moved between a 52-week high of $20.00 and a 52-week low of $13.50 and are now trading 48% above that low price at $19.94 per share.
The Funds primary investment objective is long-term capital appreciation, that it will seek to achieve by normally investing more than 65% of its assets in common stocks, convertible preferred stock and convertible debentures. Current income is a secondary investment objective. Royce Value Trust, Inc.s portfolio includes common stocks, preferred stocks, corporate bonds and repurchase agreements. The Fund invests in various sectors, including technology, industrial products, industrial services, financial intermediaries, natural resources, financial services, health, consumer services, consumer products, utilities and diversified investment companies.
There is potential upside of 175.3% for shares of Royce Value Trust Inc. based on a current price of $19.94 and an average consensus analyst price target of $54.90.
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