Time Finance (LON:TIME) Reaches New 1-Year High – Should You Buy?

Time Finance plc (LON:TIMEGet Free Report)’s stock price hit a new 52-week high during mid-day trading on Monday . The stock traded as high as GBX 63.80 ($0.83) and last traded at GBX 63.28 ($0.83), with a volume of 826858 shares traded. The stock had previously closed at GBX 60.06 ($0.79).

Time Finance Trading Up 0.3 %

The stock has a 50 day moving average of GBX 53.22 and a 200 day moving average of GBX 46.48. The company has a debt-to-equity ratio of 2.82, a current ratio of 2.25 and a quick ratio of 2.26. The firm has a market cap of £56.43 million, a P/E ratio of 1,220.00 and a beta of 1.69.

Insider Activity

In other Time Finance news, insider Tanya Raynes acquired 4,939 shares of the stock in a transaction dated Wednesday, October 2nd. The stock was purchased at an average cost of GBX 61 ($0.80) per share, for a total transaction of £3,012.79 ($3,942.93). Corporate insiders own 16.60% of the company’s stock.

About Time Finance

(Get Free Report)

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.

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