Time Finance (LON:TIME) Stock Price Down 1.2% – Here’s Why

Time Finance plc (LON:TIME) shares were down 1.2% during trading on Wednesday . The company traded as low as GBX 57.50 ($0.73) and last traded at GBX 57.80 ($0.73). Approximately 63,553 shares changed 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 Stock Performance

The company has a debt-to-equity ratio of 2.82, a quick ratio of 2.26 and a current ratio of 2.25. The stock has a market capitalization of £52.14 million, a P/E ratio of 1,140.40 and a beta of 1.69. The business has a 50-day moving average price of GBX 58.01 and a 200 day moving average price of GBX 52.01.

Insiders Place Their Bets

In other news, insider Tanya Raynes bought 4,939 shares of the firm’s stock in a transaction on Wednesday, October 2nd. The stock was acquired at an average cost of GBX 61 ($0.77) per share, with a total value of £3,012.79 ($3,802.59). Corporate insiders own 16.65% of the company’s stock.

About Time Finance

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.