Time Finance (LON:TIME) Hits New 12-Month High – What’s Next?

Time Finance plc (LON:TIME) shares hit a new 52-week high during mid-day trading on Tuesday . The stock traded as high as GBX 65.80 ($0.81) and last traded at GBX 64.38 ($0.79), with a volume of 347051 shares changing hands. The stock had previously closed at GBX 64 ($0.78).

Time Finance Price Performance

The company has a debt-to-equity ratio of 2.82, a quick ratio of 2.26 and a current ratio of 2.25. The company has a market cap of £57.93 million, a price-to-earnings ratio of 1,267.00 and a beta of 1.69. The business has a fifty day moving average price of GBX 59.69 and a 200 day moving average price of GBX 55.67.

About Time Finance

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.