Time Finance (LON:TIME) Sets New 12-Month High – Here’s What Happened

Time Finance plc (LON:TIME) shares hit a new 52-week high during mid-day trading on Monday. The stock traded as high as GBX 60 and last traded at GBX 58.60, with a volume of 153,228 shares changing hands. The stock had previously closed at GBX 58.20.

Time Finance Stock Up 1.9%

The firm’s 50 day moving average is GBX 58 and its 200-day moving average is GBX 50.72. The firm has a market cap of £55.01 million, a PE ratio of 9.13 and a beta of 0.89. The company has a quick ratio of 2.26, a current ratio of 327.47 and a debt-to-equity ratio of 1.76.

Time Finance (LON:TIME) last released its earnings results on Thursday, November 5th. The company reported GBX 6.76 EPS for the quarter. The firm had revenue of GBX 3,849 million during the quarter. Time Finance had a net margin of 16.11% and a return on equity of 8.28%. As a group, equities research analysts expect that Time Finance plc will post 5.89 earnings per share for the current fiscal 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.