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.

TwentyFour Income (LON:TFIF - Get Free Report)'s share price shot up 0.2% on Wednesday . The company traded as high as GBX 112.60 ($1.51) and last traded at GBX 112.60 ($1.51). 1,463,250 shares traded hands during trading, a decline of 21% from the average session volume of 1,842,029 shares. The stock had previously closed at GBX 112.40 ($1.51).

TwentyFour Income Trading Down 0.2%

The company has a market cap of £839.85 million and a PE ratio of 0.97. The business has a 50 day simple moving average of GBX 112.19 and a two-hundred day simple moving average of GBX 110.67.

TwentyFour Income (LON:TFIF - Get Free Report) last issued its quarterly earnings results on Wednesday, July 16th. The company reported GBX 14 ($0.19) earnings per share 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.