Time Finance (LON:TIME) Hits New 52-Week Low – What’s Next?

Time Finance plc (LON:TIME) shares hit a new 52-week low during mid-day trading on Monday . The stock traded as low as GBX 40.11 and last traded at GBX 41.50, with a volume of 953868 shares traded. The stock had previously closed at GBX 43.

Time Finance Trading Down 3.5%

The firm has a market capitalization of £38.05 million, a price-to-earnings ratio of 6.32 and a beta of 0.91. The firm’s 50 day moving average is GBX 49.96 and its 200 day moving average is GBX 50.95. The company has a quick ratio of 2.26, a current ratio of 327.47 and a debt-to-equity ratio of 1.76.

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