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

Time Finance plc (LON:TIMEGet Free Report)’s share price reached a new 52-week high during trading on Monday . The stock traded as high as GBX 66 ($0.80) and last traded at GBX 66 ($0.80), with a volume of 364545 shares changing hands. The stock had previously closed at GBX 64 ($0.78).

Time Finance Price Performance

The firm has a market capitalization of £60.35 million, a price-to-earnings ratio of 1,320.00 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 stock’s 50 day moving average price is GBX 59.92 and its two-hundred day moving average price is GBX 55.97.

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.

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