TwentyFour Income (LON:TFIF) Share Price Passes Below Fifty Day Moving Average - Here's Why

Key Points

• TwentyFour Income shares have recently fallen below their 50-day moving average, indicating a potential sell signal as they traded as low as GBX 112.13 ($1.51).
• The company reported a quarterly earnings per share (EPS) of GBX 14 with a remarkable return on equity of 103.44% and a net margin of 1,552.21%.
• TwentyFour Income is a closed-ended fund that focuses on higher yielding UK and European asset-backed securities, with a market cap of £860.62 million.

TwentyFour Income (LON:TFIF - Get Free Report) shares crossed below its fifty day moving average during trading on Friday . The stock has a fifty day moving average of GBX 112.29 ($1.50) and traded as low as GBX 112.13 ($1.50). TwentyFour Income shares last traded at GBX 112.20 ($1.50), with a volume of 1,143,667 shares traded.

TwentyFour Income Stock Down 0.4%

The business has a 50-day simple moving average of GBX 112.31 and a 200-day simple moving average of GBX 111.03. The stock has a market cap of £862.15 million and a P/E ratio of 802.86.

TwentyFour Income (LON:TFIF - Get Free Report) last issued its quarterly earnings data 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.