(EFT) Eaton Vance Floating Rate - Ratings and Ratios

Eaton Vance Floating-Rate Income Trust (NYSE:EFT) is a closed-end fixed income mutual fund managed by Eaton Vance Management, specializing in senior secured floating-rate loans. The fund operates in the U.S. fixed income market, targeting diversified sectors to optimize returns. It benchmarks its performance against the S&P/LSTA Leveraged Loan Index, focusing on floating-rate instruments to mitigate interest rate sensitivity. Established on June 29, 2004, the fund is structured as a closed-end investment company, offering a fixed number of shares traded on the NYSE.

From a technical perspective, EFT is currently trading at $13.22, with its 20-day SMA matching its last price. The 50-day SMA is slightly lower at $13.16, while the 200-day SMA stands at $12.74, indicating moderate upward momentum. The Average True Range (ATR) of 0.16 reflects low volatility, suggesting stability in price movements over the past 20 days. The average 20-day volume is 90,440 shares, indicating consistent trading activity.

Fundamentally, EFT has a market capitalization of $349.34 million, with a price-to-earnings (P/E) ratio of 9.17, lower than the industry average, suggesting undervaluation. The price-to-book (P/B) ratio of 1.00 indicates that the market value aligns with the book value. The funds price-to-sales (P/S) ratio is 6.49, while the return on equity (RoE) is 19.39%, reflecting efficient use of shareholder equity.