Tern (LON:TERN) Trading Up 3.3% – Here’s Why

Tern Plc (LON:TERNGet Free Report)’s stock price rose 3.3% during mid-day trading on Tuesday . The company traded as high as GBX 0.77 and last traded at GBX 0.62. Approximately 592,037 shares changed hands during mid-day trading, a decline of 71% from the average daily volume of 2,072,801 shares. The stock had previously closed at GBX 0.60.

Tern Price Performance

The company has a market capitalization of £4.62 million, a price-to-earnings ratio of -1.64 and a beta of 0.83. The stock has a fifty day simple moving average of GBX 0.65 and a 200-day simple moving average of GBX 0.56. The company has a debt-to-equity ratio of 1.65, a current ratio of 0.44 and a quick ratio of 0.75.

About Tern

(Get Free Report)

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.

Further Reading

Receive News & Ratings for Tern Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Tern and related companies with MarketBeat.com's FREE daily email newsletter.