Tetragon Financial (LON:TFG) Reaches New 12-Month High – Should You Buy?

Tetragon Financial (LON:TFG)’s share price reached a new 52-week high during trading on Wednesday . The stock traded as high as GBX 13.58 ($0.17) and last traded at GBX 13.58 ($0.17), with a volume of 16123 shares changing hands. The stock had previously closed at GBX 12.70 ($0.16).

Tetragon Financial Price Performance

The firm has a fifty day moving average of GBX 11.60 and a 200 day moving average of GBX 10.64. The company has a current ratio of 0.53, a quick ratio of 6.03 and a debt-to-equity ratio of 10.63. The company has a market capitalization of £11.03 million, a P/E ratio of 8.35 and a beta of 0.46.

Tetragon Financial Dividend Announcement

The business also recently declared a dividend, which will be paid on Wednesday, November 27th. Stockholders of record on Friday, November 1st will be paid a $0.11 dividend. The ex-dividend date of this dividend is Friday, November 1st. This represents a dividend yield of 0.87%. Tetragon Financial’s dividend payout ratio is presently 2,875.82%.

About Tetragon Financial

Tetragon Financial Group Limited is a close ended feeder fund launched and managed by Tetragon Financial Management LP. The fund invests its entire corpus in Tetragon Financial Group Master Fund Limited. It was formerly known as Tetragon Credit Income Fund Limited. Tetragon Financial Group Limited was formed on June 23, 2005 and is domiciled in the Guernsey, Channel Islands.