Time Finance (LON:TIME) Trading 0.6% Higher – What’s Next?

Time Finance plc (LON:TIME) rose 0.6% during mid-day trading on Tuesday . The stock traded as high as GBX 53.88 and last traded at GBX 53.80. Approximately 52,277 shares changed hands during trading, a decline of 76% from the average daily volume of 213,560 shares. The stock had previously closed at GBX 53.50.

Time Finance Stock Up 0.6%

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 firm has a market capitalization of £49.32 million, a PE ratio of 8.19 and a beta of 1.69. The firm has a 50-day moving average of GBX 52.32 and a two-hundred day moving average of GBX 52.20.

Time Finance (LON:TIME) last posted its quarterly earnings results on Tuesday, January 27th. The company reported GBX 3.47 earnings per share (EPS) for the quarter. Time Finance had a return on equity of 6.84% and a net margin of 13.43%. On average, equities research analysts forecast that Time Finance plc will post 5.89 EPS for the current year.

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.

Operating from four locations across the UK – Bath, Birchwood, Manchester and Reading – Time has a lending book of over £200m and helps thousands of UK businesses.

More investor specific information is available on the Company’s investor hub – investors.timefinance.com – with more general information to be found on the Company’s main website: www.timefinance.com.