RiverNorth Managed Duration Municipal Income Fund II, Inc.

RiverNorth Managed Duration Municipal Income Fund II, Inc.verified

RMMZ

Price:

$15.63

Market Cap:

$132.15M

RiverNorth Managed Duration Municipal Income Fund II, Inc. functions as an organized, diversified, closed-end management investment fund. The fund's primary investment objective is current income exempt from regular U.S. Federal income and secondary investment objective is total return. The company is headquartered in Chicago, IL.[Read more]

Industry

Asset Management - Income

IPO Date

2022-02-11

Stock Exchange

NYSE

Ticker

RMMZ

The PE Ratio as of November 2024 (TTM) for RiverNorth Managed Duration Municipal Income Fund II, Inc. (RMMZ) is 11.75

According to RiverNorth Managed Duration Municipal Income Fund II, Inc.’s latest financial reports and current stock price. The company's current PE Ratio is 11.75. This represents a change of Infinity% compared to the average of 0 of the last 4 quarters.

RiverNorth Managed Duration Municipal Income Fund II, Inc. (RMMZ) Historical PE Ratio (quarterly & annually)

How has RMMZ PE Ratio performed in the past?

The mean historical PE Ratio of RiverNorth Managed Duration Municipal Income Fund II, Inc. over the last ten years is 6.52. The current 11.75 PE Ratio has changed 17.92% with respect to the historical average. Over the past ten years (40 quarters), RMMZ's PE Ratio was at its highest in in the December 2022 quarter at 0. The PE Ratio was at its lowest in in the December 2022 quarter at 0.

Quarterly (TTM)
Annual

Average

6.52

Median

0

Minimum

0

Maximum

19.56

RiverNorth Managed Duration Municipal Income Fund II, Inc. (RMMZ) PE Ratio by Quarter and Year

Discovering the peaks and valleys of RiverNorth Managed Duration Municipal Income Fund II, Inc. PE Ratio, unveiling quarterly and yearly fluctuations to gain insights into the company’s financial performance and market dynamics, offering valuable data for investors and analysts alike.

Maximum Annual Increase = Infinity%

Maximum Annual PE Ratio = 19.56

Minimum Annual Increase = -100.00%

Minimum Annual PE Ratio = 0

Quarterly (TTM)
Annual
YearPE RatioChange
20240-100.00%
202319.56Infinity%

RiverNorth Managed Duration Municipal Income Fund II, Inc. (RMMZ) Average PE Ratio

How has RMMZ PE Ratio performed in the past?

The current PE Ratio of RiverNorth Managed Duration Municipal Income Fund II, Inc. (RMMZ) is greater than its 3-year, greater than its 5-year, and greater than its 10-year historical averages

3-year avg

6.52

5-year avg

6.52

10-year avg

6.52

RiverNorth Managed Duration Municipal Income Fund II, Inc. (RMMZ) PE Ratio vs. Peers

How is RMMZ’s PE Ratio compared to its peers?

RiverNorth Managed Duration Municipal Income Fund II, Inc.’s PE Ratio is greater than RiverNorth Flexible Municipal Income Fund, Inc. (0), greater than BlackRock MuniHoldings Fund, Inc. (-52.08), less than Putnam Managed Municipal Income Trust (71.55), less than Nuveen Dynamic Municipal Opportunities Fund (39.83), less than RiverNorth Opportunistic Municipal Income Fund, Inc. (12.66), less than BlackRock Municipal Income Fund, Inc. (349.22), less than BlackRock MuniHoldings New York Quality Fund, Inc. (24.19), less than Nuveen New York Quality Municipal Income Fund (12.76), less than DWS Municipal Income Trust (27.36), less than Puyi Inc. (0), greater than Virtus Convertible & Income 2024 Target Term Fund (-89.85), greater than MFS Investment Grade Municipal Trust (0), less than Invesco High Income 2024 Target Term Fund (44.38), greater than Eaton Vance National Municipal Opportunities Trust (8.34), greater than Federated Hermes Premier Municipal Income Fund (8.53), less than null (23.82),

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