TeraGo (TSE:TGO) Reaches New 52-Week High – Here’s What Happened

Shares of TeraGo Inc. (TSE:TGO) reached a new 52-week high on Monday . The stock traded as high as C$1.50 and last traded at C$1.50, with a volume of 3000 shares trading hands. The stock had previously closed at C$1.48.

Wall Street Analysts Forecast Growth

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

TeraGo Stock Up 1.4%

The business’s 50 day moving average is C$1.36 and its 200 day moving average is C$1.13. The company has a quick ratio of 0.60, a current ratio of 1.03 and a debt-to-equity ratio of -4,868.75. The company has a market cap of C$58.55 million, a P/E ratio of -5.77, a P/E/G ratio of -1.00 and a beta of 0.45.

TeraGo (TSE:TGO) last announced its earnings results on Wednesday, August 12th. The company reported C($0.10) earnings per share (EPS) for the quarter. TeraGo had a negative net margin of 63.78% and a negative return on equity of 2,436.24%. The company had revenue of C$6.21 million for the quarter. As a group, equities analysts anticipate that TeraGo Inc. will post -0.49 earnings per share for the current fiscal 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.