Time Finance (LON:TIME) Shares Up 2.1% – Still a Buy?

Time Finance plc (LON:TIME)’s share price shot up 2.1% during trading on Monday . The company traded as high as GBX 48 and last traded at GBX 46.97. 365,985 shares were traded during mid-day trading, an increase of 59% from the average session volume of 230,746 shares. The stock had previously closed at GBX 46.

Time Finance Stock Performance

The firm’s 50 day simple moving average is GBX 47.02 and its 200-day simple moving average is GBX 49.58. The company has a debt-to-equity ratio of 1.76, a quick ratio of 2.26 and a current ratio of 327.47. The company has a market capitalization of £43.06 million, a price-to-earnings ratio of 7.15 and a beta of 0.91.

Time Finance (LON:TIME) last released its 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 8.28% and a net margin of 16.11%. Analysts expect that Time Finance plc will post 5.89 EPS for the current year.

Time Finance Company Profile

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.