Time Finance (LON:TIME) Shares Down 1.9% – Here’s What Happened

Time Finance plc (LON:TIME) traded down 1.9% on Wednesday . The company traded as low as GBX 51 and last traded at GBX 51. 48,950 shares changed hands during mid-day trading, a decline of 75% from the average session volume of 198,510 shares. The stock had previously closed at GBX 52.

Time Finance Price Performance

The company has a fifty day simple moving average of GBX 48.42 and a 200 day simple moving average of GBX 47.42. The stock has a market capitalization of £46.76 million, a price-to-earnings ratio of 7.76 and a beta of 0.87. The company has a debt-to-equity ratio of 1.76, a quick ratio of 2.26 and a current ratio of 327.47.

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.

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.