TeraGo (TSE:TGO) Sets New 1-Year High – Here’s Why

TeraGo Inc. (TSE:TGO)’s stock price hit a new 52-week high during trading on Tuesday . The stock traded as high as C$1.25 and last traded at C$1.33, with a volume of 45262 shares trading hands. The stock had previously closed at C$1.25.

TeraGo Stock Up 6.4%

The company has a debt-to-equity ratio of 2,100.38, a current ratio of 1.26 and a quick ratio of 0.60. The company has a 50 day moving average of C$0.89 and a 200-day moving average of C$0.83. The company has a market cap of C$51.89 million, a P/E ratio of -2.83, a price-to-earnings-growth ratio of -1.00 and a beta of 0.40.

TeraGo (TSE:TGO) last announced its quarterly earnings data on Tuesday, May 12th. The company reported C($0.08) earnings per share (EPS) for the quarter. The business had revenue of C$6.17 million during the quarter. TeraGo had a negative net margin of 65.17% and a negative return on equity of 4,295.54%. On average, equities analysts predict that TeraGo Inc. will post -0.49 earnings per share for the current year.

About TeraGo

TERAGO provides managed network and security services to businesses across Canada ensuring highly secure, reliable, and redundant connectivity including private 5G wireless networks, Fixed Wireless access, fiber, and cable wireline network connectivity. As Canada’s biggest mmWave spectrum holders, the Company possesses spectrum licenses in the 24 GHz and 38 GHz spectrum bands, which it utilizes to provide secure, dedicated SLA guaranteed enterprise grade performance that is technology diverse from buried cables ensuring high availability connectivity services.