Tern (LON:TERN) Trading Down 10.8% – Should You Sell?

Tern Plc (LON:TERN) dropped 10.8% on Wednesday . The stock traded as low as GBX 1 and last traded at GBX 1.16. Approximately 3,660,653 shares traded hands during mid-day trading, an increase of 25% from the average session volume of 2,919,281 shares. The stock had previously closed at GBX 1.30.

Tern Stock Down 10.8%

The firm’s 50-day simple moving average is GBX 1.06 and its 200 day simple moving average is GBX 0.76. The company has a debt-to-equity ratio of 2.64, a quick ratio of 0.75 and a current ratio of 0.68. The company has a market cap of £9.92 million, a P/E ratio of -1.44 and a beta of 0.83.

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

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.