Time Finance (LON:TIME) Trading Up 5% – Still a Buy?

Time Finance plc (LON:TIME) traded up 5% on Monday . The company traded as high as GBX 54 ($0.70) and last traded at GBX 53 ($0.68). 496,049 shares changed hands during trading, an increase of 19% from the average session volume of 415,701 shares. The stock had previously closed at GBX 50.50 ($0.65).

Time Finance Price Performance

The company has a 50-day moving average of GBX 57.43 and a 200 day moving average of GBX 57.76. 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 firm has a market cap of £48.33 million, a P/E ratio of 10.89 and a beta of 1.69.

Time Finance (LON:TIME) last issued 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 return on equity of 6.84% and a net margin of 13.43%. On average, sell-side analysts anticipate that Time Finance plc will post 5.89 EPS for the current year.

Insider Buying and Selling at Time Finance

In other Time Finance news, insider Tracy Watkinson purchased 18,231 shares of the company’s stock in a transaction that occurred on Thursday, February 27th. The stock was purchased at an average cost of GBX 55 ($0.71) per share, with a total value of £10,027.05 ($12,956.52). Company insiders own 16.65% of the company’s stock.

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.