Tern (LON:TERN) Trading Up 16.7% – Still a Buy?

Tern Plc (LON:TERN)’s share price was up 16.7% on Tuesday . The stock traded as high as GBX 0.70 and last traded at GBX 0.70. Approximately 1,915,074 shares were traded during mid-day trading, a decline of 2% from the average daily volume of 1,950,583 shares. The stock had previously closed at GBX 0.60.

Tern Stock Up 16.7%

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 stock has a 50 day simple moving average of GBX 0.49 and a 200-day simple moving average of GBX 0.53. The firm has a market cap of £4.83 million, a PE ratio of -1.87 and a beta of 0.83.

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.