Time Finance (LON:TIME) Shares Down 0.4% – Here’s What Happened

Time Finance plc (LON:TIME) fell 0.4% during mid-day trading on Tuesday . The company traded as low as GBX 44 and last traded at GBX 44.50. 187,282 shares traded hands during mid-day trading, a decline of 12% from the average session volume of 212,462 shares. The stock had previously closed at GBX 44.66.

Time Finance Stock Performance

The company has a market cap of £42.62 million, a price-to-earnings ratio of 7.08 and a beta of 0.89. The firm has a 50-day simple moving average of GBX 43.17 and a 200 day simple moving average of GBX 48.12. The company has a quick ratio of 2.26, a current ratio of 327.47 and a debt-to-equity ratio of 1.76.

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.