Time Finance (LON:TIME) Shares Up 7.1% – Should You Buy?

Time Finance plc (LON:TIME)’s stock price rose 7.1% during mid-day trading 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 mid-day 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 Up 7.1 %

The company has a debt-to-equity ratio of 2.82, a quick ratio of 2.26 and a current ratio of 1.38. The business has a 50 day simple moving average of GBX 52.75 and a 200-day simple moving average of GBX 57.28. The firm has a market capitalization of £48.33 million, a price-to-earnings ratio of 10.89 and a beta of 1.69.

Time Finance (LON:TIME) last released its quarterly earnings data on Tuesday, January 28th. The company reported GBX 3.24 ($0.04) earnings per share (EPS) for the quarter. Time Finance had a net margin of 13.43% and a return on equity of 6.84%. On average, equities analysts expect that Time Finance plc will post 5.89 EPS for the current year.

Insider Activity at Time Finance

In other Time Finance news, insider Tracy Watkinson acquired 18,231 shares of the business’s stock in a transaction that occurred on Thursday, February 27th. The stock was purchased at an average cost of GBX 55 ($0.73) per share, with a total value of £10,027.05 ($13,270.31). 16.65% of the stock is currently owned by 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.