Time Finance (LON:TIME) Sets New 52-Week High – Should You Buy?

Shares of Time Finance plc (LON:TIMEGet Free Report) hit a new 52-week high on Tuesday . The stock traded as high as GBX 65.80 ($0.81) and last traded at GBX 64.38 ($0.79), with a volume of 347051 shares. The stock had previously closed at GBX 64 ($0.78).

Time Finance Stock Performance

The company has a current ratio of 2.25, a quick ratio of 2.26 and a debt-to-equity ratio of 2.82. The firm has a 50-day simple moving average of GBX 59.53 and a two-hundred day simple moving average of GBX 55.38. The company has a market capitalization of £58.86 million, a price-to-earnings ratio of 1,287.50 and a beta of 1.69.

Time Finance Company Profile

(Get Free Report)

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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