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

TwentyFour Income (LON:TFIF - Get Free Report) shares crossed below its 50 day moving average during trading on Friday . The stock has a 50 day moving average of GBX 104.87 ($1.37) and traded as low as GBX 103.60 ($1.35). TwentyFour Income shares last traded at GBX 104.34 ($1.36), with a volume of 1,172,194 shares.

TwentyFour Income Stock Performance

The stock has a market capitalization of £780.30 million and a P/E ratio of -3,478.00. The business has a 50 day simple moving average of GBX 104.87 and a 200-day simple moving average of GBX 104.11.

TwentyFour Income Announces Dividend

The company also recently announced a dividend, which was paid on Friday, November 1st. Investors of record on Thursday, October 17th were paid a dividend of GBX 2 ($0.03) per share. The ex-dividend date was Thursday, October 17th. This represents a yield of 1.87%. TwentyFour Income's dividend payout ratio is currently -33,333.33%.

TwentyFour Income Company Profile

TwentyFour Income Fund Limited is a closed-ended fixed income mutual fund launched by Numis Securities Limited. The fund is managed by TwentyFour Asset Management LLP. It invests in the fixed income markets of Europe. The fund primarily invests in asset backed securities. It seeks to invest in securities across the maturity spectrum.