TwentyFour Income (LON:TFIF) Shares Cross Above Fifty 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 stock price crossed above its 50-day moving average during trading on Wednesday . The stock has a 50-day moving average of GBX 112.25 ($1.52) and traded as high as GBX 112.40 ($1.52). TwentyFour Income shares last traded at GBX 112.40 ($1.52), with a volume of 547,153 shares trading hands.

TwentyFour Income Price Performance

The firm's 50 day moving average is GBX 112.25 and its 200 day moving average is GBX 110.96. The company has a market cap of £841.34 million and a PE ratio of 0.97.

TwentyFour Income (LON:TFIF - Get Free Report) last issued 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%.

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.