Time Finance (LON:TIME) Shares Down 0.6% – What’s Next?

Shares of Time Finance plc (LON:TIME) dropped 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 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 stock has a market capitalization of £47.21 million, a P/E ratio of 8.12 and a beta of 1.69. The company has a debt-to-equity ratio of 2.82, a quick ratio of 2.26 and a current ratio of 1.38. The firm has a 50-day moving average price of GBX 50.06 and a 200 day moving average price of GBX 54.23.

Time Finance (LON:TIME) last issued its 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%. On average, analysts expect that Time Finance plc will post 5.89 EPS for the current year.

Insider Activity

In other Time Finance news, insider James Roberts bought 11,404 shares of Time Finance stock in a transaction that occurred on Thursday, September 25th. The shares were bought at an average price of GBX 56 per share, with a total value of £6,386.24. Company insiders own 16.65% of the company’s stock.

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.