Time Finance (LON:TIME) Stock Price Down 1.1% – Here’s What Happened

Shares of Time Finance plc (LON:TIME) fell 1.1% during trading on Wednesday . The stock traded as low as GBX 47 and last traded at GBX 47. 80,388 shares were traded during mid-day trading, a decline of 63% from the average session volume of 216,114 shares. The stock had previously closed at GBX 47.50.

Time Finance Price Performance

The company has a market capitalization of £41.99 million, a price-to-earnings ratio of 6.97 and a beta of 0.91. The company has a fifty day simple moving average of GBX 51.31 and a two-hundred day simple moving average of GBX 51.53. The company has a debt-to-equity ratio of 1.76, a quick ratio of 2.26 and a current ratio of 327.47.

Time Finance (LON:TIME) last posted its quarterly earnings data 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%. As a group, research analysts anticipate that Time Finance plc will post 5.89 earnings per share 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.