Time Finance (LON:TIME) Hits New 12-Month Low – Here’s What Happened

Time Finance plc (LON:TIME) shares reached a new 52-week low during trading on Monday . The company traded as low as GBX 43.01 and last traded at GBX 44.35, with a volume of 196509 shares changing hands. The stock had previously closed at GBX 44.26.

Time Finance Stock Performance

The firm has a 50 day simple moving average of GBX 50.70 and a 200-day simple moving average of GBX 51.26. 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 company has a market cap of £40.66 million, a price-to-earnings ratio of 6.75 and a beta of 0.91.

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