Tern (LON:TERN) Trading Down 4.8% – Time to Sell?

Tern Plc (LON:TERN) shares fell 4.8% during mid-day trading on Monday . The company traded as low as GBX 1.26 ($0.02) and last traded at GBX 1.26 ($0.02). 1,225,878 shares were traded during trading, an increase of 15% from the average session volume of 1,068,574 shares. The stock had previously closed at GBX 1.32 ($0.02).

Tern Trading Up 9.4 %

The company has a market cap of £6.20 million, a price-to-earnings ratio of -46.50 and a beta of 0.89. 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 business’s 50-day simple moving average is GBX 1.52 and its 200-day simple moving average is GBX 1.65.

Insider Activity at Tern

In other news, insider Iain Ross bought 1,100,000 shares of Tern stock in a transaction dated Thursday, October 31st. The shares were acquired at an average cost of GBX 1 ($0.01) per share, with a total value of £11,000 ($13,722.55). 7.02% of the stock is owned by insiders.

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.