TeraGo (TSE:TGO) Reaches New 52-Week High – Time to Buy?

TeraGo Inc. (TSE:TGO)’s share price reached a new 52-week high during trading on Tuesday . The company traded as high as C$1.50 and last traded at C$1.50, with a volume of 20500 shares. The stock had previously closed at C$1.50.

Analysts Set New Price Targets

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

TeraGo Stock Performance

The stock has a market cap of C$58.55 million, a P/E ratio of -5.77, a P/E/G ratio of -1.00 and a beta of 0.45. The company has a fifty day moving average price of C$1.34 and a 200 day moving average price of C$1.11. The company has a debt-to-equity ratio of -4,868.75, a current ratio of 1.03 and a quick ratio of 0.60.

TeraGo (TSE:TGO) last issued its quarterly earnings data on Wednesday, August 12th. The company reported C($0.10) earnings per share for the quarter. TeraGo had a negative net margin of 63.78% and a negative return on equity of 2,436.24%. The company had revenue of C$6.21 million for the quarter. On average, equities analysts expect that TeraGo Inc. will post -0.49 EPS for the current year.

TeraGo Company Profile

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.