Time Finance (LON:TIME) Stock Price Up 0.4% - Here's Why

Time Finance plc (LON:TIME - Get Free Report) shot up 0.4% during trading on Tuesday . The stock traded as high as GBX 57.89 ($0.77) and last traded at GBX 55.26 ($0.73). 129,511 shares changed hands during trading, a decline of 65% from the average session volume of 369,073 shares. The stock had previously closed at GBX 55.05 ($0.73).

Time Finance Price Performance

The stock has a fifty day moving average price of GBX 51.76 and a 200-day moving average price of GBX 56.74. The company has a debt-to-equity ratio of 2.82, a current ratio of 1.38 and a quick ratio of 2.26. The company has a market cap of £52.89 million, a PE ratio of 11.92 and a beta of 1.69.

Insider Activity

In other Time Finance news, insider Tracy Watkinson purchased 18,231 shares of the business's stock in a transaction that occurred on Thursday, February 27th. The shares were purchased at an average price of GBX 55 ($0.73) per share, for a total transaction of £10,027.05 ($13,323.21). Company insiders own 16.65% of the company's stock.

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.