TeraGo (TSE:TGO) Stock Passes Above 200-Day Moving Average – What’s Next?

TeraGo Inc. (TSE:TGO)’s share price passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of C$1.02 and traded as high as C$1.30. TeraGo shares last traded at C$1.30, with a volume of 350 shares.

Analyst Ratings Changes

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

TeraGo Stock Performance

The company has a market cap of C$50.75 million, a P/E ratio of -3.51, a PEG ratio of -1.00 and a beta of 0.43. The company has a quick ratio of 0.60, a current ratio of 1.26 and a debt-to-equity ratio of 2,100.38. The firm has a 50 day moving average of C$1.31 and a 200-day moving average of C$1.03.

TeraGo (TSE:TGO) last released its quarterly earnings data on Tuesday, May 12th. The company reported C($0.08) earnings per share for the quarter. TeraGo had a negative net margin of 65.17% and a negative return on equity of 4,295.54%. The firm had revenue of C$6.17 million during the quarter. As a group, sell-side analysts anticipate that TeraGo Inc. will post -0.49 EPS for the current fiscal year.

Insider Activity at TeraGo

In related news, Director Martin Pinnes acquired 65,000 shares of the firm’s stock in a transaction that occurred on Wednesday, May 20th. The stock was purchased at an average cost of C$1.36 per share, for a total transaction of C$88,400.00. Following the purchase, the director directly owned 299,574 shares of the company’s stock, valued at C$407,420.64. This trade represents a 27.71% increase in their position. Over the last three months, insiders acquired 74,500 shares of company stock valued at $101,855. Insiders own 1.30% of the company’s stock.

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.