Time Finance (LON:TIME) Shares Down 2.7% – Should You Sell?

Time Finance plc (LON:TIME) was down 2.7% during mid-day trading on Tuesday . The stock traded as low as GBX 59 ($0.74) and last traded at GBX 59.38 ($0.75). Approximately 255,586 shares changed hands during mid-day trading, a decline of 8% from the average daily volume of 277,458 shares. The stock had previously closed at GBX 61 ($0.77).

Time Finance Price Performance

The stock has a market cap of £53.82 million, a P/E ratio of 12.13 and a beta of 1.69. The company’s 50 day moving average price is GBX 61.48 and its 200-day moving average price is GBX 57.57. The company has a quick ratio of 2.26, a current ratio of 1.38 and a debt-to-equity ratio of 2.82.

Time Finance (LON:TIME) last posted its quarterly earnings data on Tuesday, January 28th. The company reported GBX 3.24 ($0.04) earnings per share for the quarter. Time Finance had a return on equity of 6.84% and a net margin of 13.43%. As a group, sell-side analysts expect 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.