Time Finance (LON:TIME) Announces Quarterly Earnings Results

Time Finance (LON:TIME) announced 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 net margin of 13.43% and a return on equity of 6.95%.

Time Finance Trading Down 3.2 %

Shares of TIME stock traded down GBX 1.90 ($0.02) during mid-day trading on Thursday, reaching GBX 57.60 ($0.72). 661,302 shares of the stock traded hands, compared to its average volume of 331,086. The stock’s fifty day simple moving average is GBX 61.03 and its two-hundred day simple moving average is GBX 56.76. Time Finance has a 1-year low of GBX 35.50 ($0.44) and a 1-year high of GBX 66.89 ($0.83). The company has a quick ratio of 2.26, a current ratio of 2.25 and a debt-to-equity ratio of 2.82. The company has a market cap of £52.67 million, a price-to-earnings ratio of 1,152.00 and a beta of 1.69.

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.