Time Finance (LON:TIME) Sets New 12-Month High – Here’s What Happened

Time Finance plc (LON:TIMEGet Free Report) hit a new 52-week high during trading on Monday . The stock traded as high as GBX 66 ($0.80) and last traded at GBX 66 ($0.80), with a volume of 364545 shares trading hands. The stock had previously closed at GBX 64 ($0.78).

Time Finance Price Performance

The stock has a 50-day moving average of GBX 59.92 and a two-hundred day moving average of GBX 55.97. The firm has a market cap of £60.35 million, a price-to-earnings ratio of 1,320.00 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.

About Time Finance

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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.

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