Time Finance (LON:TIME) Trading Down 0.8% – What’s Next?

Time Finance plc (LON:TIME) shares traded down 0.8% during trading on Wednesday . The stock traded as low as GBX 49.40 and last traded at GBX 49.60. Approximately 79,202 shares were traded during mid-day trading, a decline of 62% from the average session volume of 206,918 shares. The stock had previously closed at GBX 50.

Time Finance Stock Performance

The company has a 50-day simple moving average of GBX 45.98 and a two-hundred day simple moving average of GBX 47.58. The company has a debt-to-equity ratio of 1.76, a quick ratio of 2.26 and a current ratio of 327.47. The firm has a market capitalization of £45.47 million, a P/E ratio of 7.55 and a beta of 0.87.

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.