Time Finance (LON:TIME) Stock Price Down 1.2% – Time to Sell?

Time Finance plc (LON:TIME)’s share price dropped 1.2% on Wednesday . The stock traded as low as GBX 57.50 ($0.73) and last traded at GBX 57.80 ($0.73). Approximately 63,553 shares traded hands during mid-day trading, a decline of 75% from the average daily volume of 251,949 shares. The stock had previously closed at GBX 58.50 ($0.74).

Time Finance Trading Down 1.7 %

The firm’s 50-day simple moving average is GBX 58.01 and its 200-day simple moving average is GBX 52.01. The firm has a market capitalization of £52.14 million, a PE ratio of 1,140.40 and a beta of 1.69. The company has a quick ratio of 2.26, a current ratio of 2.25 and a debt-to-equity ratio of 2.82.

Insider Activity at Time Finance

In other news, insider Tanya Raynes bought 4,939 shares of the company’s stock in a transaction dated Wednesday, October 2nd. The stock was bought at an average cost of GBX 61 ($0.77) per share, for a total transaction of £3,012.79 ($3,802.59). 16.65% of the stock is currently owned by company insiders.

Time Finance Company Profile

Time Finance plc, together with its subsidiaries, provides financial products and services to consumers and businesses in the United Kingdom. It operates through two segments: Asset Finance and Invoice Finance. The company offers vendor finance, hire purchase, finance leasing, asset-based lending, and invoice finance; secured business loans; and vehicle finance solutions, as well as commercial loans.