Time Finance (LON:TIME) Posts Earnings Results

Time Finance (LON:TIME) issued its quarterly earnings results on Tuesday. The company reported GBX 3.24 ($0.04) earnings per share (EPS) 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 Price Performance

Shares of LON TIME opened at GBX 59.60 ($0.74) on Wednesday. The firm has a 50-day moving average of GBX 60.98 and a two-hundred day moving average of GBX 56.70. The company has a market capitalization of £54.50 million, a price-to-earnings ratio of 1,192.00 and a beta of 1.69. The company has a current ratio of 2.25, a quick ratio of 2.26 and a debt-to-equity ratio of 2.82. Time Finance has a twelve month low of GBX 35.50 ($0.44) and a twelve month high of GBX 66.89 ($0.83).

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.