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

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

Time Finance Trading Down 2.8 %

The company has a current ratio of 1.38, a quick ratio of 2.26 and a debt-to-equity ratio of 2.82. The business has a 50 day simple moving average of GBX 57.24 and a two-hundred day simple moving average of GBX 57.79. The stock has a market cap of £48.33 million, a price-to-earnings ratio of 10.89 and a beta of 1.69.

Time Finance (LON:TIME) last released its earnings results on Tuesday, January 28th. The company reported GBX 3.24 ($0.04) EPS for the quarter. Time Finance had a return on equity of 6.84% and a net margin of 13.43%. As a group, equities analysts anticipate that Time Finance plc will post 5.89 EPS for the current year.

Insider Buying and Selling at Time Finance

In other news, insider Tracy Watkinson acquired 18,231 shares of the 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 ($12,909.81). 16.65% of the stock is currently owned by insiders.

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.