TwentyFour Income (LON:TFIF) Shares Pass Above 50-Day Moving Average - Here's Why

Key Points

• TwentyFour Income's share price has crossed above its fifty-day moving average, reaching GBX 112.40 ($1.51) during trading, with a volume of 547,153 shares exchanged.
• The stock has a market capitalization of £838.73 million and a P/E ratio of 0.97, indicating a potentially undervalued position in the market.
• In its latest quarterly earnings report, TwentyFour Income reported an EPS of GBX 14 with an exceptionally high net margin of 1,552.21% and return on equity of 103.44%.

TwentyFour Income (LON:TFIF - Get Free Report)'s share price crossed above its 50 day moving average during trading on Wednesday . The stock has a 50 day moving average of GBX 112.25 ($1.51) and traded as high as GBX 112.40 ($1.51). TwentyFour Income shares last traded at GBX 112.40 ($1.51), with a volume of 547,153 shares trading hands.

TwentyFour Income Stock Down 0.4%

The company has a market cap of £838.35 million and a P/E ratio of 0.97. The business has a fifty day moving average of GBX 112.26 and a 200 day moving average of GBX 110.97.

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

TwentyFour Income Company Profile

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