TwentyFour Income (LON:TFIF) Share Price Passes Below Fifty Day Moving Average – Time to Sell?

TwentyFour Income (LON:TFIF)’s stock price passed below its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of GBX 106.90 ($1.32) and traded as low as GBX 106.20 ($1.31). TwentyFour Income shares last traded at GBX 106.40 ($1.31), with a volume of 1,150,116 shares trading hands.

TwentyFour Income Price Performance

The company has a 50 day moving average price of GBX 106.90 and a 200 day moving average price of GBX 105.49. The firm has a market cap of £796.45 million and a PE ratio of -3,550.00.

TwentyFour Income (LON:TFIF) last announced its quarterly earnings data on Wednesday, November 20th. The company reported GBX 7.67 ($0.09) EPS for the quarter.

TwentyFour Income Announces Dividend

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