Tern (LON:TERN) Shares Down 14.4% – What’s Next?

Shares of Tern Plc (LON:TERN) dropped 14.4% during trading on Monday . The stock traded as low as GBX 0.70 and last traded at GBX 0.70. Approximately 117,920 shares traded hands during mid-day trading, a decline of 94% from the average daily volume of 2,082,539 shares. The stock had previously closed at GBX 0.82.

Tern Stock Performance

The stock has a market capitalization of £5.41 million, a P/E ratio of -1.92 and a beta of 0.83. The firm has a 50-day moving average of GBX 0.67 and a 200 day moving average of GBX 0.57. The company has a quick ratio of 0.75, a current ratio of 0.44 and a debt-to-equity ratio of 1.65.

About Tern

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.