Tern (LON:TERN) Hits New 1-Year Low – Here’s What Happened

Tern Plc (LON:TERN) shares reached a new 52-week low during mid-day trading on Thursday . The company traded as low as GBX 0.40 and last traded at GBX 0.40, with a volume of 134000 shares trading hands. The stock had previously closed at GBX 0.45.

Tern Stock Down 11.1%

The firm has a market capitalization of £2.66 million, a price-to-earnings ratio of -1.04 and a beta of 0.89. The business has a 50 day moving average of GBX 0.53 and a 200 day moving average of GBX 0.96. The company has a debt-to-equity ratio of 1.89, a current ratio of 0.33 and a quick ratio of 0.75.

Tern (LON:TERN) last posted its quarterly 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.