Time Finance (LON:TIME) Hits New 12-Month High Following Insider Buying Activity

Time Finance plc (LON:TIME) shares hit a new 52-week high during trading on Thursday after an insider bought additional shares in the company. The stock traded as high as GBX 49.48 ($0.63) and last traded at GBX 48.75 ($0.62), with a volume of 1461106 shares traded. The stock had previously closed at GBX 45.50 ($0.58).

Specifically, insider Edward Rimmer purchased 22,482 shares of the business’s stock in a transaction that occurred on Tuesday, July 2nd. The shares were bought at an average cost of GBX 43 ($0.54) per share, with a total value of £9,667.26 ($12,227.75). 15.45% of the stock is currently owned by company insiders.

Time Finance Trading Up 7.1 %

The stock’s 50 day simple moving average is GBX 40.89 and its 200 day simple moving average is GBX 38.81. The firm has a market cap of £45.10 million, a PE ratio of 1,146.25 and a beta of 1.54. The company has a debt-to-equity ratio of 3.60, a quick ratio of 2.26 and a current ratio of 2.42.

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.