Time Finance (LON:TIME) Trading 1.8% Higher – What’s Next?

Time Finance plc (LON:TIME) shares traded up 1.8% during mid-day trading on Monday . The company traded as high as GBX 56.80 ($0.75) and last traded at GBX 56 ($0.74). 720,151 shares changed hands during mid-day trading, an increase of 128% from the average session volume of 315,650 shares. The stock had previously closed at GBX 55 ($0.73).

Time Finance Trading Down 0.9%

The business has a fifty day moving average of GBX 59.09 and a 200-day moving average of GBX 56.60. The company has a debt-to-equity ratio of 2.82, a quick ratio of 2.26 and a current ratio of 1.38. The company has a market capitalization of £50.61 million, a P/E ratio of 11.40 and a beta of 1.69.

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.