TeraGo (TSE:TGO) Share Price Breaks Above Two Hundred Day Moving Average – Here’s What Happened

TeraGo Inc. (TSE:TGO) crossed above its two hundred day moving average during trading on Thursday. The stock has a two hundred day moving average of C$1.19 and traded as high as C$1.43. TeraGo shares last traded at C$1.43, with a volume of 100 shares traded.

Analyst Ratings Changes

Separately, ATB Cormark Capital Markets upped their price target 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 research analyst has rated the stock with a Hold rating, According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of C$1.25.

TeraGo Price Performance

The company has a 50 day moving average price of C$1.40 and a 200 day moving average price of C$1.20. The firm has a market cap of C$55.82 million, a PE ratio of -5.50, a price-to-earnings-growth ratio of -1.00 and a beta of 0.46. The company has a current ratio of 1.03, a quick ratio of 0.60 and a debt-to-equity ratio of -4,868.75.

TeraGo (TSE:TGO) last released its quarterly earnings results on Wednesday, August 12th. The company reported C($0.10) earnings per share for the quarter. TeraGo had a negative return on equity of 2,436.24% and a negative net margin of 63.78%.The firm had revenue of C$6.21 million during the quarter. On average, sell-side analysts expect that TeraGo Inc. will post -0.49 EPS for the current year.

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.