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TwentyFour Income (LON:TFIF) Stock Passes Below 50 Day Moving Average - Here's Why

TwentyFour Income logo with Financial Services background

TwentyFour Income (LON:TFIF - Get Free Report)'s share price passed 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.

TwentyFour Income Stock Up 1.7 %

The company has a fifty day simple moving average of GBX 106.98 and a two-hundred day simple moving average of GBX 105.51. The stock has a market capitalization of £809.16 million and a P/E ratio of -3,606.67.

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

TwentyFour Income Dividend Announcement

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

TwentyFour Income Company Profile

(Get Free Report)

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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