TwentyFour Income (LON:TFIF) Share Price Passes Below 50-Day Moving Average – What’s Next?

TwentyFour Income (LON:TFIF)’s share price crossed below its 50-day moving average during trading on Wednesday . The stock has a 50-day moving average of GBX 105.05 ($1.36) and traded as low as GBX 103.40 ($1.34). TwentyFour Income shares last traded at GBX 103.60 ($1.35), with a volume of 1,788,681 shares changing hands.

TwentyFour Income Trading Up 0.8 %

The business has a fifty day moving average of GBX 105.05 and a 200 day moving average of GBX 104.18. The company has a market capitalization of £780.74 million and a PE ratio of -3,453.33.

TwentyFour Income Announces Dividend

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

Insider Activity at TwentyFour Income

In related news, insider John Le Poidevin purchased 94,679 shares of TwentyFour Income stock in a transaction on Friday, August 2nd. The shares were bought at an average price of GBX 105 ($1.36) per share, with a total value of £99,412.95 ($129,074.20). 0.09% of the stock is currently owned by company insiders.

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.