Time Finance (LON:TIME) Trading Up 0.4% – Time to Buy?

Time Finance plc (LON:TIMEGet Free Report)’s stock price traded up 0.4% during mid-day trading on Tuesday . The company traded as high as GBX 57.89 ($0.77) and last traded at GBX 55.26 ($0.74). 129,511 shares changed hands during trading, a decline of 65% from the average session volume of 369,073 shares. The stock had previously closed at GBX 55.05 ($0.74).

Time Finance Stock Performance

The firm’s fifty day moving average is GBX 51.65 and its 200-day moving average is GBX 56.76. The company has a current ratio of 1.38, a quick ratio of 2.26 and a debt-to-equity ratio of 2.82. The stock has a market capitalization of £50.40 million, a PE ratio of 11.35 and a beta of 1.69.

Insider Activity

In other news, insider Tracy Watkinson bought 18,231 shares of the stock in a transaction that occurred on Thursday, February 27th. The stock was bought at an average cost of GBX 55 ($0.73) per share, for a total transaction of £10,027.05 ($13,389.04). Insiders own 16.65% of the company’s stock.

Time Finance Company Profile

(Get Free Report)

Time Finance’s purpose is to help UK businesses thrive and survive through the provision of flexible funding facilities.

Time offers a multi-product range for SMEs concentrating on Asset, Loan and Invoice Finance. While focused on being an ‘own-book’ lender, Time does retain the ability to broke-on deals where appropriate, enabling it to optimize business levels through market and economic cycles.

See Also

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