TeraGo (TSE:TGO) Announces Earnings Results

TeraGo (TSE:TGO) released its quarterly earnings data on Wednesday. The company reported C($0.10) earnings per share for the quarter, FiscalAI reports. TeraGo had a negative return on equity of 4,295.54% and a negative net margin of 65.17%.The firm had revenue of C$6.21 million for the quarter.

TeraGo Stock Performance

Shares of TGO stock remained flat at C$1.45 during trading hours on Friday. 49,026 shares of the stock traded hands, compared to its average volume of 25,887. TeraGo has a 12 month low of C$0.60 and a 12 month high of C$1.47. 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’s 50-day moving average price is C$1.32 and its two-hundred day moving average price is C$1.08. The firm has a market cap of C$56.60 million, a PE ratio of -3.92, a price-to-earnings-growth ratio of -1.00 and a beta of 0.45.

Insider Activity

In other news, Director Martin Pinnes purchased 65,000 shares of the company’s stock in a transaction dated Wednesday, May 20th. The shares were purchased at an average price of C$1.36 per share, with a total value of C$88,400.00. Following the transaction, the director directly owned 299,574 shares of the company’s stock, valued at approximately C$407,420.64. This represents a 27.71% increase in their ownership of the stock. Insiders acquired 74,500 shares of company stock valued at $101,855 in the last 90 days. Insiders own 1.30% of the company’s stock.

Analysts Set New Price Targets

Separately, ATB Cormark Capital Markets lifted their price target on TeraGo from C$0.80 to C$1.25 and gave the company a “sector perform” rating in a research note on Thursday, June 18th. One investment analyst has rated the stock with a Hold rating, According to MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of C$1.25.

TeraGo Company Profile

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.