Time Finance (LON:TIME) Hits New 1-Year High – Here’s Why

Shares of Time Finance plc (LON:TIME – Get Free Report) reached a new 52-week high on Monday. The company traded as high as GBX 60 and last traded at GBX 58.60, with a volume of 68,739 shares changing hands. The stock had previously closed at GBX 57.90.

Time Finance Stock Performance

The company has a market cap of £53.72 million, a PE ratio of 8.92 and a beta of 0.89. The company has a quick ratio of 2.26, a current ratio of 327.47 and a debt-to-equity ratio of 1.76. The company has a 50-day moving average of GBX 56.48 and a 200-day moving average of GBX 49.51.

Time Finance Company Profile

(Get Free Report)

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.

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