Tern (LON:TERN) Trading Down 21.8% – Here’s What Happened

Shares of Tern Plc (LON:TERN) were down 21.8% during trading on Monday . The stock traded as low as GBX 0.43 and last traded at GBX 0.43. Approximately 107,277 shares changed hands during trading, a decline of 96% from the average daily volume of 2,923,515 shares. The stock had previously closed at GBX 0.55.

Tern Stock Down 21.8%

The company has a debt-to-equity ratio of 1.89, a current ratio of 0.33 and a quick ratio of 0.75. The stock has a market capitalization of £2.86 million, a P/E ratio of -1.12 and a beta of 0.89. The stock’s fifty day moving average is GBX 0.58 and its two-hundred day moving average is GBX 0.99.

Tern (LON:TERN) last posted its quarterly earnings results on Thursday, September 4th. The company reported GBX (0.18) earnings per share (EPS) for the quarter. Tern had a negative net margin of 17,804.03% and a negative return on equity of 108.05%.

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.