Tern (LON:TERN) Trading 15.8% Higher – Here’s Why

Tern Plc (LON:TERN)’s share price shot up 15.8% on Wednesday . The stock traded as high as GBX 0.70 and last traded at GBX 0.70. 43,457 shares were traded during mid-day trading, a decline of 98% from the average session volume of 2,098,991 shares. The stock had previously closed at GBX 0.60.

Tern Price Performance

The company has a debt-to-equity ratio of 1.65, a current ratio of 0.44 and a quick ratio of 0.75. The firm has a market capitalization of £4.21 million, a P/E ratio of -1.67 and a beta of 0.83. The firm’s 50 day simple moving average is GBX 0.64 and its two-hundred day simple moving average is GBX 0.56.

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.