Time Finance (LON:TIME) Sets New 52-Week High – Should You Buy?

Time Finance plc (LON:TIME) reached a new 52-week high on Monday. The stock traded as high as GBX 60 and last traded at GBX 57.90, with a volume of 574638 shares trading hands. The stock had previously closed at GBX 58.70.

Time Finance Stock Down 1.4%

The stock has a market capitalization of £53.08 million, a P/E ratio of 8.81 and a beta of 0.89. The business has a 50-day moving average price of GBX 55.69 and a 200 day moving average price of GBX 49.06. The company has a current ratio of 327.47, a quick ratio of 2.26 and a debt-to-equity ratio of 1.76.

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.

Operating from four locations across the UK – Bath, Birchwood, Manchester and Reading – Time has a lending book of over £200m and helps thousands of UK businesses.

More investor specific information is available on the Company’s investor hub – investors.timefinance.com – with more general information to be found on the Company’s main website: www.timefinance.com.