Time Finance (LON:TIME) Trading Up 1.9% – Time to Buy?

Time Finance plc (LON:TIME) was up 1.9% during trading on Monday . The stock traded as high as GBX 49.83 and last traded at GBX 48.35. Approximately 291,035 shares traded hands during mid-day trading, a decline of 5% from the average daily volume of 306,216 shares. The stock had previously closed at GBX 47.45.

Time Finance Price Performance

The company has a quick ratio of 2.26, a current ratio of 1.38 and a debt-to-equity ratio of 2.82. The stock has a market cap of £44.33 million, a P/E ratio of 7.63 and a beta of 1.69. The firm has a 50 day moving average price of GBX 51.94 and a 200 day moving average price of GBX 55.67.

Time Finance (LON:TIME) last released its earnings results on Wednesday, September 24th. The company reported GBX 6.34 earnings per share (EPS) for the quarter. Time Finance had a net margin of 13.43% and a return on equity of 6.84%. On average, analysts forecast that Time Finance plc will post 5.89 EPS for the current fiscal year.

Insider Activity

In other news, insider James Roberts acquired 11,404 shares of Time Finance stock in a transaction dated Thursday, September 25th. The stock was purchased at an average cost of GBX 56 per share, with a total value of £6,386.24. 16.65% of the stock is currently owned by company insiders.

About Time Finance

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.