Time Finance (LON:TIME) Stock Price Down 0.6% – Should You Sell?

Time Finance plc (LON:TIME)’s share price was down 0.6% during mid-day trading on Tuesday . The stock traded as low as GBX 51 and last traded at GBX 51.50. Approximately 55,750 shares changed hands during mid-day trading, a decline of 81% from the average daily volume of 288,693 shares. The stock had previously closed at GBX 51.80.

Time Finance Price Performance

The firm has a market capitalization of £47.67 million, a P/E ratio of 8.20 and a beta of 1.69. The stock’s 50 day simple moving average is GBX 50.08 and its 200 day simple moving average is GBX 54.21. The company has a debt-to-equity ratio of 2.82, a quick ratio of 2.26 and a current ratio of 1.38.

Time Finance (LON:TIME) last announced its quarterly earnings results on Wednesday, September 24th. The company reported GBX 6.34 earnings per share (EPS) for the quarter. Time Finance had a return on equity of 6.84% and a net margin of 13.43%. As a group, analysts expect that Time Finance plc will post 5.89 earnings per share for the current fiscal 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.