Tern Plc (LON:TERN – Get Free Report) shares dropped 4% during mid-day trading on Thursday . The stock traded as low as GBX 1.35 and last traded at GBX 1.44. Approximately 10,267,790 shares were traded during mid-day trading, an increase of 253% from the average daily volume of 2,906,391 shares. The stock had previously closed at GBX 1.50.
Tern Price Performance
The company’s 50-day moving average is GBX 0.80 and its 200-day moving average is GBX 0.62. 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 £10.42 million, a price-to-earnings ratio of -3.70 and a beta of 0.83.
About Tern
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.
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