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

TwentyFour Income (LON:TFIF)’s stock price crossed below its 50-day moving average during trading on Thursday . The stock has a 50-day moving average of GBX 106.90 ($1.33) and traded as low as GBX 106.20 ($1.33). TwentyFour Income shares last traded at GBX 106.40 ($1.33), with a volume of 1,150,116 shares traded.

TwentyFour Income Stock Performance

The company has a market capitalization of £809.16 million and a PE ratio of -3,606.67. The stock has a fifty day moving average of GBX 106.98 and a 200 day moving average of GBX 105.51.

TwentyFour Income (LON:TFIF) last issued its earnings results on Wednesday, November 20th. The company reported GBX 7.67 ($0.10) earnings per share for the quarter.

TwentyFour Income Dividend Announcement

The company also recently declared a dividend, which will be paid on Monday, February 3rd. Investors of record on Thursday, January 16th will be paid a dividend of GBX 2 ($0.02) per share. This represents a yield of 1.84%. The ex-dividend date is Thursday, January 16th. TwentyFour Income’s payout ratio is presently -33,333.33%.

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.