Time Finance (LON:TIME) Hits New 1-Year High – Should You Buy?

Time Finance plc (LON:TIME) shares reached a new 52-week high during mid-day trading on Monday. The company traded as high as GBX 60 and last traded at GBX 58.60, with a volume of 68,739 shares. The stock had previously closed at GBX 57.90.

Time Finance Price Performance

The company’s fifty day moving average is GBX 56.74 and its 200 day moving average is GBX 49.70. 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 stock has a market cap of £53.08 million, a PE ratio of 8.81 and a beta of 0.89.

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.

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.