Time Finance (LON:TIME) Trading Up 7.1% – What’s Next?

Time Finance plc (LON:TIME)’s stock price rose 7.1% on Tuesday . The stock traded as high as GBX 53 ($0.70) and last traded at GBX 53 ($0.70). Approximately 339,571 shares were traded during trading, a decline of 16% from the average daily volume of 406,528 shares. The stock had previously closed at GBX 49.50 ($0.66).

Time Finance Stock Performance

The firm’s 50 day moving average is GBX 52.75 and its 200-day moving average is GBX 57.28. The stock has a market capitalization of £48.33 million, a price-to-earnings 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.

Time Finance (LON:TIME) last issued 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 net margin of 13.43% and a return on equity of 6.84%. Analysts forecast that Time Finance plc will post 5.89 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, insider Tracy Watkinson bought 18,231 shares of the company’s stock in a transaction dated Thursday, February 27th. The shares were acquired at an average price of GBX 55 ($0.73) per share, for a total transaction of £10,027.05 ($13,270.31). 16.65% of the stock is currently owned by company 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.