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

TwentyFour Income (LON:TFIF) shares 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 traded.

TwentyFour Income Stock Performance

The stock’s 50 day simple moving average is GBX 109.13 and its two-hundred day simple moving average is GBX 110.22. The firm has a market capitalization of £977.97 million, a PE ratio of 8.65 and a beta of 0.23.

TwentyFour Income (LON:TFIF) last issued its quarterly earnings data on Wednesday, July 15th. The company reported GBX 6.93 earnings per share for the quarter. TwentyFour Income had a return on equity of 6.11% and a net margin of 60.39%.

Insider Activity

In related news, insider John Le Poidevin bought 181,150 shares of the company’s 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 business’s stock in a transaction on Thursday, July 16th. The stock was purchased at an average cost of GBX 108 per share, for a total transaction of £80,360.64. Company insiders own 0.10% of the company’s stock.

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.