TwentyFour Income (LON:TFIF) Stock Crosses Below 50 Day Moving Average – Here’s What Happened

TwentyFour Income (LON:TFIF) crossed below its 50-day moving average during trading on Friday . The stock has a 50-day moving average of GBX 109.13 and traded as low as GBX 107.40. TwentyFour Income shares last traded at GBX 107.80, with a volume of 982,021 shares trading hands.

TwentyFour Income Price Performance

The stock has a market capitalization of £977.97 million, a PE ratio of 8.65 and a beta of 0.23. The business has a 50 day moving average price of GBX 109.13 and a 200 day moving average price of GBX 110.22.

TwentyFour Income (LON:TFIF) last issued its quarterly earnings data 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 Transactions at TwentyFour Income

In other news, insider John Le Poidevin acquired 181,150 shares of TwentyFour Income stock in a transaction that occurred on Wednesday, July 15th. The stock was purchased at an average price of GBX 110 per share, for a total transaction of £199,265. Also, insider Bronwyn Curtis bought 74,408 shares of the firm’s stock in a transaction that occurred on Thursday, July 16th. The shares were purchased at an average cost of GBX 108 per share, with a total value of £80,360.64. 0.10% of the stock is currently owned by company insiders.

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.