TwentyFour Income (LON:TFIF) Stock Passes Below Fifty Day Moving Average – Here’s What Happened

TwentyFour Income (LON:TFIF – Get Free Report)’s stock price passed below its fifty day moving average during trading on Wednesday . The stock has a fifty day moving average of GBX 108.87 and traded as low as GBX 108. TwentyFour Income shares last traded at GBX 108.22, with a volume of 8,113,083 shares traded.

TwentyFour Income Stock Performance

The stock has a market cap of £990.04 million, a price-to-earnings ratio of 15.58 and a beta of 0.22. The firm’s 50-day simple moving average is GBX 108.80 and its two-hundred day simple moving average is GBX 109.41.

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TwentyFour Income (LON:TFIF – Get Free Report) last announced its earnings results on Wednesday, July 15th. The company reported GBX 6.93 earnings per share (EPS) for the quarter. TwentyFour Income had a net margin of 60.39% and a return on equity of 6.11%.

Insider Activity

In other news, insider John Le Poidevin bought 181,150 shares of the stock in a transaction on Wednesday, July 15th. The stock was purchased at an average price of GBX 110 per share, with a total value of £199,265. Also, insider Bronwyn Curtis purchased 74,408 shares of the stock in a transaction on Thursday, July 16th. The stock was acquired at an average price of GBX 108 per share, with a total value of £80,360.64. 0.13% of the stock is currently owned by insiders.

About TwentyFour Income

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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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