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

Time Finance plc (LON:TIME)’s stock price traded down 1.1% on Wednesday . The company traded as low as GBX 47 and last traded at GBX 47. 80,388 shares changed hands 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 Stock Down 1.1%

The company has a debt-to-equity ratio of 1.76, a current ratio of 327.47 and a quick ratio of 2.26. The firm has a market capitalization of £43.09 million, a P/E ratio of 7.15 and a beta of 1.69. The firm’s fifty day moving average price is GBX 51.55 and its 200-day moving average price is GBX 51.63.

Time Finance (LON:TIME) last announced its earnings results on Tuesday, January 27th. The company reported GBX 3.47 EPS for the quarter. Time Finance had a return on equity of 8.28% and a net margin of 16.11%. As a group, equities research analysts forecast that Time Finance plc will post 5.89 earnings per share for the current year.

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.