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

Shares of TeraGo Inc. (TSE:TGO) reached a new 52-week high on Thursday . The stock traded as high as C$1.30 and last traded at C$1.30, with a volume of 15670 shares changing hands. The stock had previously closed at C$1.29.

TeraGo Stock Performance

The company has a market capitalization of C$50.75 million, a P/E ratio of -3.51, a price-to-earnings-growth ratio of -1.00 and a beta of 0.24. The firm has a 50 day moving average price of C$1.05 and a two-hundred day moving average price of C$0.89. 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.

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

Insiders Place Their Bets

In other news, Director Martin Pinnes acquired 65,000 shares of the firm’s stock in a transaction on Wednesday, May 20th. The shares were purchased at an average cost of C$1.36 per share, with a total value of C$88,400.00. Following the completion of the purchase, the director owned 299,574 shares of the company’s stock, valued at C$407,420.64. This represents a 27.71% increase in their ownership of the stock. Insiders have bought 74,500 shares of company stock worth $101,855 over the last quarter. 1.30% of the stock is currently owned by corporate insiders.

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.