Time Finance (LON:TIME) Hits New 12-Month High – Time to Buy?

Time Finance plc (LON:TIME)’s share price 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 58.60, with a volume of 153,228 shares. The stock had previously closed at GBX 58.20.

Time Finance Stock Up 0.7%

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 market cap of £53.72 million, a price-to-earnings ratio of 8.92 and a beta of 0.89. The firm’s fifty day simple moving average is GBX 57.96 and its 200 day simple moving average is GBX 50.64.

Time Finance (LON:TIME) last announced its quarterly earnings data on Thursday, November 5th. The company reported GBX 6.76 EPS for the quarter. Time Finance had a net margin of 16.11% and a return on equity of 8.28%. The company had revenue of GBX 3,849 million for the quarter. Sell-side analysts predict that Time Finance plc will post 5.89 earnings per share for the current year.

Time Finance Company Profile

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.