Tern (LON:TERN) Trading 15.9% Higher – What’s Next?

Shares of Tern Plc (LON:TERN) were up 15.9% on Wednesday . The company traded as high as GBX 0.51 and last traded at GBX 0.51. Approximately 400,000 shares changed hands during trading, a decline of 86% from the average daily volume of 2,905,365 shares. The stock had previously closed at GBX 0.44.

Tern Stock Up 17.0%

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 firm has a 50-day moving average price of GBX 0.57 and a 200 day moving average price of GBX 0.98. The company has a market cap of £3.42 million, a price-to-earnings ratio of -1.34 and a beta of 0.89.

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

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.