TeraGo (TSE:TGO) Given New C$1.25 Price Target at ATB Cormark Capital Markets

TeraGo (TSE:TGO) had its price objective lifted by research analysts at ATB Cormark Capital Markets from C$0.80 to C$1.25 in a research report issued on Thursday,BayStreet.CA reports. The brokerage currently has a “sector perform” rating on the stock. ATB Cormark Capital Markets’ price target would indicate a potential downside of 0.79% from the stock’s current price.

TeraGo Stock Down 6.0%

TeraGo stock traded down C$0.08 during trading on Thursday, reaching C$1.26. 100 shares of the company’s stock were exchanged, compared to its average volume of 28,573. TeraGo has a 52-week low of C$0.60 and a 52-week high of C$1.50. The company has a debt-to-equity ratio of 2,100.38, a quick ratio of 0.60 and a current ratio of 1.26. The firm has a market cap of C$49.19 million, a price-to-earnings ratio of -3.41, a PEG ratio of -1.00 and a beta of 0.24. The company’s 50-day moving average is C$1.09 and its two-hundred day moving average is C$0.91.

TeraGo (TSE:TGO) last posted its quarterly earnings results on Tuesday, May 12th. The company reported C($0.08) EPS for the quarter. TeraGo had a negative return on equity of 4,295.54% and a negative net margin of 65.17%.The firm had revenue of C$6.17 million during the quarter. On average, analysts predict that TeraGo will post -0.49 earnings per share for the current year.

Insider Buying and Selling at TeraGo

In other TeraGo news, Director Martin Pinnes acquired 65,000 shares of the stock in a transaction dated Wednesday, May 20th. The shares were bought at an average price of C$1.36 per share, with a total value of C$88,400.00. Following the purchase, the director directly owned 299,574 shares of the company’s stock, valued at approximately C$407,420.64. This trade represents a 27.71% increase in their position. In the last three months, insiders have bought 74,500 shares of company stock worth $101,855. Company insiders own 1.30% of the company’s stock.

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.