Tern (LON:TERN) Trading 11.1% Higher – What’s Next?

Tern Plc (LON:TERN) shares shot up 11.1% during mid-day trading on Tuesday . The stock traded as high as GBX 0.50 and last traded at GBX 0.50. 4,233,210 shares were traded during mid-day trading, an increase of 43% from the average session volume of 2,954,995 shares. The stock had previously closed at GBX 0.45.

Tern Price Performance

The stock has a market capitalization of £3.29 million, a P/E ratio of -1.29 and a beta of 0.89. The company has a debt-to-equity ratio of 1.89, a quick ratio of 0.75 and a current ratio of 0.33. The business has a fifty day simple moving average of GBX 0.60 and a 200-day simple moving average of GBX 1.

Tern (LON:TERN) last released its earnings results on Thursday, September 4th. The company reported GBX (0.18) earnings per share (EPS) for the quarter. Tern had a negative net margin of 17,804.03% and a negative return on equity of 108.05%.

About Tern

Tern backs companies with proven technology, based in the UK but with global ambition.

Our management team has a strong track record of unlocking opportunities in the USA for UK companies.

We look for well-motivated teams who are building innovative high growth businesses, with revenue and IP, and which are harnessing software to create or disrupt markets.

We predominantly support software companies which develop commercial IoT security, enablement and analytics solutions for the healthcare and industrial sectors, where safety and regulatory compliance are important market requirements.

Unlike many of our peers, we select to work with only a handful of companies in a given period.