Time Finance (LON:TIME) Share Price Breaks Below Fifty Day Moving Average – Here’s What Happened

Time Finance plc (LON:TIME) crossed below its fifty day moving average during trading on Thursday. The stock has a fifty day moving average of GBX 58.06 and traded as low as GBX 58.01. Time Finance shares last traded at GBX 58.01, with a volume of 210,586 shares trading hands.

Time Finance Trading Down 1.5%

The company has a debt-to-equity ratio of 0.79, a quick ratio of 2.26 and a current ratio of 1.42. The firm has a 50 day simple moving average of GBX 58.06 and a two-hundred day simple moving average of GBX 50.78. The firm has a market capitalization of £53.18 million, a P/E ratio of 8.83 and a beta of 0.89.

Time Finance (LON:TIME) last posted its quarterly earnings data on Thursday, November 5th. The company reported GBX 6.76 earnings per share (EPS) for the quarter. Time Finance had a net margin of 16.25% and a return on equity of 8.18%. The firm had revenue of GBX 3,849 million for the quarter. Equities research analysts forecast that Time Finance plc will post 5.89 earnings per share 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.