Tern (LON:TERN) Trading 10.7% Higher – Here’s What Happened

Tern Plc (LON:TERN) was up 10.7% during trading on Tuesday . The stock traded as high as GBX 1.30 and last traded at GBX 1.21. Approximately 2,665,072 shares were traded during trading, a decline of 12% from the average daily volume of 3,014,744 shares. The stock had previously closed at GBX 1.09.

Tern Price Performance

The stock has a market cap of £11.58 million, a PE ratio of -1.50 and a beta of 0.83. The company has a debt-to-equity ratio of 2.64, a current ratio of 0.68 and a quick ratio of 0.75. The firm’s 50 day moving average price is GBX 1.24 and its two-hundred day moving average price is GBX 0.93.

Tern (LON:TERN) last announced its quarterly earnings results on Wednesday, June 24th. The company reported GBX (0.81) EPS for the quarter. The business had revenue of GBX (403) million for the quarter. Tern had a negative net margin of 9,424.35% and a negative return on equity of 59.29%.

About Tern

Tern backs companies with proven technology, based in the UK but with global ambition.

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.