CUBA - Shares of The Herzfeld Caribbean Basin Fund Inc. (CUBA) Rise Above Previous 52-Week High
The Herzfeld Caribbean Basin Fund Inc. (NASDAQ:CUBA) traded at a new 52-week high today of $8.39. So far today approximately 5.2 million shares have been exchanged, as compared to an average 30-day volume of 22,000 shares.
To achieve long-term capital appreciation, investing primarily in equity and equity-linked securities in the Caribbean Basin countries, which consist of Cuba, Jamaica, Trinidad and Tobago, the Bahamas, the Dominican Republic, Barbados, Aruba, Haiti, the Netherlands Antilles, the Commonwealth of Puerto Rico, Mexico, Honduras, Guatemala, Belize, Costa Rica, Panama, Colombia and Venezuela. The Fund invests at least 80% of its total assets in a broad range of securities of issuers including U.S. based companies, whose securities are traded principally on a stock exchange in a Caribbean Basin Country; or have at least 50% of the value of their assets in a Caribbean Basin Country; or that derive at least 50% of their total revenue from operations in a Caribbean Basin Country.
Over the past year, The Herzfeld Caribbean Basin Fund Inc. has traded in a range of $2.42 to $6.50 and is now at $5.11.
The Herzfeld Caribbean Basin Fund Inc. has overhead space with shares priced $5.11, or 88.4% below the average consensus analyst price target of $43.94.
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