Time Finance (LON:TIME) Issues Earnings Results

Time Finance (LON:TIME) issued its quarterly earnings data on Tuesday. The company reported GBX 3.24 ($0.04) earnings per share for the quarter, Digital Look Earnings reports. Time Finance had a return on equity of 6.95% and a net margin of 13.43%.

Time Finance Trading Down 3.2 %

Shares of LON:TIME traded down GBX 1.90 ($0.02) during midday trading on Thursday, reaching GBX 57.60 ($0.72). 661,302 shares of the company’s stock were exchanged, compared to its average volume of 331,086. The stock has a market cap of £52.67 million, a price-to-earnings ratio of 1,152.00 and a beta of 1.69. Time Finance has a fifty-two week low of GBX 35.50 ($0.44) and a fifty-two week high of GBX 66.89 ($0.83). The firm’s 50 day simple moving average is GBX 61.03 and its two-hundred day simple moving average is GBX 56.76. The company has a debt-to-equity ratio of 2.82, a current ratio of 2.25 and a quick ratio of 2.26.

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.