Time Finance (LON:TIME) Issues Earnings Results

Time Finance (LON:TIME) announced its earnings results on Tuesday. The company reported GBX 3.24 ($0.04) earnings per share (EPS) 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). The stock had a trading volume of 618,983 shares, compared to its average volume of 329,070. The company’s fifty day moving average is GBX 61.03 and its two-hundred day moving average is GBX 56.76. The company has a debt-to-equity ratio of 2.82, a current ratio of 2.25 and a quick ratio of 2.26. Time Finance has a 52 week low of GBX 35.50 ($0.44) and a 52 week high of GBX 66.89 ($0.83). The stock has a market capitalization of £52.12 million, a price-to-earnings ratio of 1,140.00 and a beta of 1.69.

Time Finance Company Profile

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.