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BlackRock Floating Rate Income Trust is currently in a long term uptrend where the price is trading 6.9% above its 200 day moving average.
From a valuation standpoint, the stock is 942.6% more expensive than other stocks from the Financial Services sector with a price to sales ratio of 94.5.
BlackRock Floating Rate Income Trust's total revenue sank by 0.0% to $9M since the same quarter in the previous year.
Its net income has dropped by 0.0% to $9M since the same quarter in the previous year.
Finally, its free cash flow grew by 130.4% to $2M since the same quarter in the previous year.
Based on the above factors, BlackRock Floating Rate Income Trust gets an overall score of 2/5.
| ISIN | US0919411043 |
|---|---|
| CurrencyCode | USD |
| Exchange | NYSE |
| Industry | Asset Management |
| Sector | Financial Services |
| Beta | 0.66 |
|---|---|
| Market Cap | 261M |
| PE Ratio | 104.75 |
| Target Price | None |
| Dividend Yield | 7.1% |
BlackRock Floating Rate Income Trust is a close ended fixed income mutual fund launched by BlackRoack Inc. The fund is co-managed by BlackRock Advisors, LLC and BlackRock Financial Management, Inc. It invests in the fixed income markets across the globe while focusing on the United States. The fund invests in bonds of companies operating across diversified sectors. It invests in corporate bonds with average effective duration of its portfolio will be no more than 1.5 years. The fund was formerly known as BlackRock Global Floating Rate Income Trust. BlackRock Floating Rate Income Trust was formed on August 30, 2004 and is domiciled in the United States.
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