TwentyFour Income (LON:TFIF) Trading Up 0.2% - Here's What Happened

Key Points

• TwentyFour Income shares increased by 0.2% to GBX 112.60 ($1.50) during mid-day trading, despite a 21% decline in the trading volume compared to the average.
• The company's last earnings report revealed earnings per share (EPS) of GBX 14 ($0.19) and an impressive return on equity of 103.44%.
• TwentyFour Income Fund focuses on investing in higher-yielding, less liquid asset-backed securities in the UK and Europe.

Shares of TwentyFour Income (LON:TFIF - Get Free Report) rose 0.2% during mid-day trading on Wednesday . The stock traded as high as GBX 112.60 ($1.50) and last traded at GBX 112.60 ($1.50). Approximately 1,463,250 shares traded hands during trading, a decline of 21% from the average daily volume of 1,842,029 shares. The stock had previously closed at GBX 112.40 ($1.50).

TwentyFour Income Stock Up 0.2%

The firm has a fifty day moving average of GBX 112.10 and a 200-day moving average of GBX 110.56. The stock has a market capitalization of £842.84 million and a price-to-earnings 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 ($0.19) 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.

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