Time Finance (LON:TIME) Trading Up 3.2% – Here’s Why

Time Finance plc (LON:TIME)’s share price shot up 3.2% during mid-day trading on Tuesday . The company traded as high as GBX 49 and last traded at GBX 48. Approximately 423,790 shares changed hands during mid-day trading, an increase of 104% from the average session volume of 208,011 shares. The stock had previously closed at GBX 46.50.

Time Finance Stock Performance

The company has a quick ratio of 2.26, a current ratio of 327.47 and a debt-to-equity ratio of 1.76. The company has a market cap of £45.38 million, a PE ratio of 7.53 and a beta of 0.89. The stock’s 50 day simple moving average is GBX 44.44 and its two-hundred day simple moving average is GBX 47.89.

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.