Time Finance (LON:TIME) Issues Earnings Results

Time Finance (LON:TIME) posted its quarterly earnings results 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 Price Performance

Shares of TIME traded down GBX 2.50 ($0.03) during trading hours on Thursday, hitting GBX 57 ($0.71). 618,983 shares of the company were exchanged, compared to its average volume of 329,070. The company has a quick ratio of 2.26, a current ratio of 2.25 and a debt-to-equity ratio of 2.82. 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 company has a market cap of £52.12 million, a price-to-earnings ratio of 1,140.00 and a beta of 1.69. The firm’s fifty day moving average is GBX 61.03 and its 200 day moving average is GBX 56.76.

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.