Time Finance (LON:TIME) Trading 5% Higher – Here’s Why

Time Finance plc (LON:TIME)’s share price shot up 5% on Monday . The stock traded as high as GBX 54 ($0.70) and last traded at GBX 53 ($0.68). 496,049 shares traded hands during trading, an increase of 19% from the average session volume of 415,701 shares. The stock had previously closed at GBX 50.50 ($0.65).

Time Finance Trading Down 2.8 %

The stock has a market cap of £48.33 million, a PE ratio of 10.89 and a beta of 1.69. The company has a debt-to-equity ratio of 2.82, a quick ratio of 2.26 and a current ratio of 1.38. The business has a 50-day moving average of GBX 57.24 and a 200 day moving average of GBX 57.79.

Time Finance (LON:TIME) last released its earnings results on Tuesday, January 28th. The company reported GBX 3.24 ($0.04) EPS for the quarter. Time Finance had a net margin of 13.43% and a return on equity of 6.84%. Equities research analysts predict that Time Finance plc will post 5.89 EPS for the current fiscal year.

Insider Activity at Time Finance

In other Time Finance news, insider Tracy Watkinson purchased 18,231 shares of the firm’s stock in a transaction that occurred on Thursday, February 27th. The stock was purchased at an average cost of GBX 55 ($0.71) per share, with a total value of £10,027.05 ($12,909.81). 16.65% of the stock is owned by insiders.

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.