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

Shares of Time Finance plc (LON:TIME – Get Free Report) hit a new 52-week high during mid-day trading on Monday. The company traded as high as GBX 60 and last traded at GBX 60, with a volume of 492,488 shares trading hands. The stock had previously closed at GBX 57.91.

Time Finance Trading Up 3.6%

The stock has a market cap of £55.01 million, a P/E ratio of 9.13 and a beta of 0.89. The company has a current ratio of 327.47, a quick ratio of 2.26 and a debt-to-equity ratio of 1.76. The company has a 50-day moving average price of GBX 57.16 and a two-hundred day moving average price of GBX 50.02.

About Time Finance

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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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