TeraGo (TSE:TGO) Reaches New 52-Week High – Here’s What Happened

TeraGo Inc. (TSE:TGO)’s stock price reached a new 52-week high on Monday . The company traded as high as C$1.50 and last traded at C$1.50, with a volume of 3000 shares changing hands. The stock had previously closed at C$1.48.

Analysts Set New Price Targets

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

TeraGo Stock Performance

The firm has a fifty day moving average price of C$1.36 and a 200 day moving average price of C$1.13. The company has a debt-to-equity ratio of -4,868.75, a quick ratio of 0.60 and a current ratio of 1.03. The stock has a market cap of C$58.55 million, a PE ratio of -5.77, a price-to-earnings-growth ratio of -1.00 and a beta of 0.45.

TeraGo (TSE:TGO) last announced its earnings results on Wednesday, August 12th. The company reported C($0.10) earnings per share for the quarter. TeraGo had a negative return on equity of 2,436.24% and a negative net margin of 63.78%.The business had revenue of C$6.21 million for the quarter. Research analysts forecast that TeraGo Inc. will post -0.49 earnings per share for the current fiscal year.

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.