Time Finance (LON:TIME) Releases Earnings Results

Time Finance (LON:TIME) issued its earnings results on Tuesday. The company reported GBX 3.24 ($0.04) earnings per share for the quarter, Digital Look Earnings reports. Time Finance had a return on equity of 6.95% and a net margin of 13.43%.

Time Finance Stock Down 2.4 %

Shares of TIME traded down GBX 1.40 ($0.02) during trading on Thursday, reaching GBX 58.10 ($0.72). The company’s stock had a trading volume of 555,763 shares, compared to its average volume of 326,060. The company has a market cap of £53.13 million, a price-to-earnings ratio of 1,162.00 and a beta of 1.69. The company has a quick ratio of 2.26, a current ratio of 2.25 and a debt-to-equity ratio of 2.82. The company has a fifty day moving average of GBX 61.03 and a two-hundred day moving average of GBX 56.76. Time Finance has a twelve month low of GBX 35.50 ($0.44) and a twelve month high of GBX 66.89 ($0.83).

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.