Tern (LON:TERN) Shares Up 9.2% – Should You Buy?

Tern Plc (LON:TERN)’s share price shot up 9.2% during mid-day trading on Tuesday . The company traded as high as GBX 0.50 and last traded at GBX 0.48. 613,647 shares changed hands during mid-day trading, a decline of 79% from the average session volume of 2,871,574 shares. The stock had previously closed at GBX 0.44.

Tern Stock Down 4.4%

The company has a debt-to-equity ratio of 1.89, a current ratio of 0.33 and a quick ratio of 0.75. The stock has a market cap of £2.86 million, a price-to-earnings ratio of -1.12 and a beta of 0.89. The firm’s 50-day moving average is GBX 0.53 and its 200 day moving average is GBX 0.96.

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

Tern Company Profile

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.