Tern (LON:TERN) Stock Price Down 17.1% – Here’s What Happened

Tern Plc (LON:TERN)’s share price dropped 17.1% during mid-day trading on Thursday . The stock traded as low as GBX 0.51 and last traded at GBX 0.58. Approximately 3,900,510 shares were traded during mid-day trading, an increase of 108% from the average daily volume of 1,878,543 shares. The stock had previously closed at GBX 0.70.

Tern Price Performance

The stock has a market capitalization of £4.31 million, a price-to-earnings ratio of -1.66 and a beta of 0.89. The company’s 50 day moving average is GBX 0.55 and its 200 day moving average is GBX 0.72. The company has a current ratio of 0.33, a quick ratio of 0.75 and a debt-to-equity ratio of 1.89.

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.