TwentyFour Income (LON:TFIF) Hits New 52-Week High - Still a Buy?

Key Points

• TwentyFour Income (LON:TFIF) shares reached a new 52-week high, trading at GBX 115 ($1.53) with a significant volume of 89,225 shares.
• The company reported an impressive net margin of 1,552.21% and a return on equity of 103.44% in its latest earnings report.
• With a market capitalization of £893.88 million and a PE ratio of 821.43, investors are evaluating whether the stock remains a viable buy.

TwentyFour Income (LON:TFIF - Get Free Report) shares reached a new 52-week high on Friday . The company traded as high as GBX 115 ($1.53) and last traded at GBX 114.80 ($1.53), with a volume of 89225 shares trading hands. The stock had previously closed at GBX 114.60 ($1.52).

TwentyFour Income Trading Up 0.3%

The business's 50 day moving average is GBX 112.91 and its two-hundred day moving average is GBX 111.44. The company has a market cap of £893.88 million and a PE ratio of 821.43.

TwentyFour Income (LON:TFIF - Get Free Report) last released its earnings results on Wednesday, July 16th. The company reported GBX 14 earnings per share for the quarter. TwentyFour Income had a net margin of 1,552.21% and a return on equity of 103.44%.

About TwentyFour Income

TwentyFour Income Fund Limited is a London listed closed-ended fund which targets less liquid, higher yielding UK and European asset backed securities.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.