Tern (LON:TERN) Trading Up 17.2% – Time to Buy?

Tern Plc (LON:TERN)’s share price was up 17.2% during trading on Monday . The company traded as high as GBX 1.60 and last traded at GBX 1.45. Approximately 14,480,717 shares traded hands during trading, an increase of 381% from the average session volume of 3,008,963 shares. The stock had previously closed at GBX 1.24.

Tern Price Performance

The company has a market cap of £13.11 million, a price-to-earnings ratio of -1.90 and a beta of 0.83. The company’s 50 day moving average price is GBX 1.18 and its 200 day moving average price is GBX 0.80. The company has a current ratio of 0.68, a quick ratio of 0.75 and a debt-to-equity ratio of 2.64.

Tern (LON:TERN) last issued its quarterly earnings results on Wednesday, June 24th. The company reported GBX (0.81) earnings per share (EPS) for the quarter. The firm had revenue of GBX (403) million for the quarter. Tern had a negative return on equity of 59.29% and a negative net margin of 9,424.35%.

Tern Company Profile

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.