Tern (LON:TERN) Trading 10.8% Higher – Still a Buy?

Shares of Tern Plc (LON:TERN) traded up 10.8% on Friday . The company traded as high as GBX 0.67 and last traded at GBX 0.67. 176,874 shares changed hands during mid-day trading, a decline of 92% from the average session volume of 2,195,477 shares. The stock had previously closed at GBX 0.60.

Tern Stock Performance

The business has a fifty day simple moving average of GBX 0.62 and a two-hundred day simple moving average of GBX 0.55. The company has a quick ratio of 0.75, a current ratio of 0.44 and a debt-to-equity ratio of 1.65. The company has a market cap of £4.59 million, a P/E ratio of -1.77 and a beta of 0.83.

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.