Time Finance (LON:TIME) Trading Down 7% – Should You Sell?

Shares of Time Finance plc (LON:TIME) were down 7% during mid-day trading on Monday . The stock traded as low as GBX 52 ($0.67) and last traded at GBX 53 ($0.69). Approximately 494,719 shares traded hands during mid-day trading, an increase of 101% from the average daily volume of 245,814 shares. The stock had previously closed at GBX 57 ($0.74).

Time Finance Price Performance

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 company has a 50 day moving average price of GBX 55.48 and a 200 day moving average price of GBX 48.44. The firm has a market cap of £53.04 million, a PE ratio of 1,160.00 and a beta of 1.69.

Insider Activity

In other news, insider Tanya Raynes bought 4,939 shares of the stock in a transaction on Wednesday, October 2nd. The shares were bought at an average price of GBX 61 ($0.79) per share, with a total value of £3,012.79 ($3,907.13). Insiders own 16.65% of the company’s stock.

Time Finance Company Profile

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.