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

Time Finance plc (LON:TIME)’s share price hit a new 52-week high during trading on Tuesday . The company traded as high as GBX 66.89 ($0.83) and last traded at GBX 62.45 ($0.78), with a volume of 760730 shares. The stock had previously closed at GBX 64.50 ($0.80).

Time Finance Price Performance

The stock’s fifty day simple moving average is GBX 60.97 and its 200 day simple moving average is GBX 56.77. The company has a debt-to-equity ratio of 2.82, a current ratio of 2.25 and a quick ratio of 2.26. The firm has a market capitalization of £52.67 million, a P/E ratio of 1,152.00 and a beta of 1.69.

Time Finance (LON:TIME) last announced its quarterly earnings data 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 6.95%. On average, equities research analysts predict that Time Finance plc will post 5.89 EPS 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.