TwentyFour Income (LON:TFIF) Reaches New 12-Month High - What's Next?

Key Points

• TwentyFour Income reached a new 52-week high of GBX 115.40 ($1.55) during mid-day trading, highlighting its upward momentum in the market.
• The company's recent quarterly earnings reported an impressive net margin of 1,552.21% and a return on equity of 103.44%, indicating strong financial performance.
• Despite its recent high, the stock experienced a slight decline of 1.2% after reaching its peak, with trading activities showing a volume of 3,416,136 shares.

TwentyFour Income (LON:TFIF - Get Free Report) reached a new 52-week high during mid-day trading on Thursday . The stock traded as high as GBX 115.40 ($1.55) and last traded at GBX 115 ($1.54), with a volume of 3416136 shares traded. The stock had previously closed at GBX 114.80 ($1.54).

TwentyFour Income Trading Down 1.2%

The business's fifty day moving average price is GBX 113.11 and its 200 day moving average price is GBX 111.53. The company has a market capitalization of £881.44 million and a P/E ratio of 810.00.

TwentyFour Income (LON:TFIF - Get Free Report) last released its quarterly earnings data on Wednesday, July 16th. The company reported GBX 14 EPS 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.

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