Insider Selling: TeraGo Inc. (TGO) Director Sells 10,200 Shares of Stock
TeraGo Inc. (TSE:TGO) Director Michael James Martin sold 10,200 shares of TeraGo stock in a transaction dated Wednesday, February 28th. The shares were sold at an average price of C$5.30, for a total value of C$54,060.00.
Shares of TeraGo Inc. (TGO) traded up C$0.25 on Monday, hitting C$5.55. The stock had a trading volume of 26,200 shares, compared to its average volume of 132,165. TeraGo Inc. has a 52 week low of C$3.60 and a 52 week high of C$6.45. The company has a market capitalization of $76.14, a P/E ratio of -10.39 and a beta of 0.55.
A number of analysts have recently commented on TGO shares. TD Securities cut their price target on TeraGo from C$5.50 to C$5.00 and set a “hold” rating on the stock in a research note on Thursday, November 9th. Desjardins downgraded TeraGo from a “buy” rating to a “hold” rating in a research report on Wednesday, November 8th.
Terago Inc, through its subsidiaries, provides businesses across Canada with data and voice communications services, data center colocation and hosting services through its approximately seven data centers, as well as cloud Infrastructure as a Service (IaaS) computing and storage solutions. With respect to its data and voice communications services, the Company owns and operates a carrier-grade, MultiProtocol Label Switching (MPLS)-enabled fixed wireless, Internet protocol (IP) communications network in Canada targeting businesses that require Internet access and data connectivity services.
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