Tern (LON:TERN) Trading Up 3.3% – Here’s What Happened

Shares of Tern Plc (LON:TERN) were up 3.3% on Tuesday . The company traded as high as GBX 0.77 and last traded at GBX 0.62. Approximately 592,037 shares changed hands during trading, a decline of 71% from the average daily volume of 2,072,801 shares. The stock had previously closed at GBX 0.60.

Tern Stock Down 12.5%

The company has a debt-to-equity ratio of 1.65, a current ratio of 0.44 and a quick ratio of 0.75. The stock has a market capitalization of £5.39 million, a P/E ratio of -1.91 and a beta of 0.83. The firm has a 50 day moving average of GBX 0.66 and a 200-day moving average of GBX 0.56.

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.