Time Finance (LON:TIME) Hits New 12-Month High – Here’s Why

Time Finance plc (LON:TIME)’s share price hit a new 52-week high during trading on Monday . The company traded as high as GBX 64.67 ($0.80) and last traded at GBX 64.06 ($0.79), with a volume of 501673 shares traded. The stock had previously closed at GBX 62 ($0.77).

Time Finance Stock Down 3.3 %

The stock has a market cap of £57.06 million, a P/E ratio of 1,248.00 and a beta of 1.69. The company has a quick ratio of 2.26, a current ratio of 2.25 and a debt-to-equity ratio of 2.82. The company has a 50-day simple moving average of GBX 59.10 and a two-hundred day simple moving average of GBX 54.81.

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.