Time Finance (LON:TIME) Hits New 1-Year High – Still a 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 58.60, with a volume of 153,228 shares changing hands. The stock had previously closed at GBX 58.20.

Time Finance Price Performance

The firm has a market cap of £53.72 million, a price-to-earnings ratio of 8.92 and a beta of 0.89. The company has a quick ratio of 2.26, a current ratio of 327.47 and a debt-to-equity ratio of 1.76. The company’s 50-day moving average price is GBX 57.96 and its 200-day moving average price is GBX 50.64.

Time Finance (LON:TIME) last announced its quarterly earnings data on Thursday, November 5th. The company reported GBX 6.76 earnings per share for the quarter. Time Finance had a net margin of 16.11% and a return on equity of 8.28%. The firm had revenue of GBX 3,849 million during the quarter. On average, equities research analysts forecast that Time Finance plc will post 5.89 EPS for the current year.

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.

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.