TeraGo (TSE:TGO) Reaches New 52-Week High – Still a Buy?

TeraGo Inc. (TSE:TGO)’s share price hit a new 52-week high during trading on Friday . The company traded as high as C$1.30 and last traded at C$1.32, with a volume of 9305 shares trading hands. The stock had previously closed at C$1.33.

TeraGo Stock Performance

The company has a debt-to-equity ratio of 2,100.38, a current ratio of 1.26 and a quick ratio of 0.60. The stock has a market cap of C$50.75 million, a price-to-earnings ratio of -3.51, a P/E/G ratio of -1.00 and a beta of 0.40. The company’s fifty day simple moving average is C$1.01 and its two-hundred day simple moving average is C$0.88.

TeraGo (TSE:TGO) last released its quarterly earnings results on Tuesday, May 12th. The company reported C($0.08) earnings per share (EPS) for the quarter. TeraGo had a negative net margin of 65.17% and a negative return on equity of 4,295.54%. The company had revenue of C$6.17 million for the quarter. On average, analysts forecast that TeraGo Inc. will post -0.49 earnings per share for the current year.

Insider Activity

In other news, Director Martin Pinnes bought 65,000 shares of the stock in a transaction dated Wednesday, May 20th. The stock was bought at an average price of C$1.36 per share, for a total transaction of C$88,400.00. Following the completion of the acquisition, the director directly owned 299,574 shares in the company, valued at approximately C$407,420.64. This trade represents a 27.71% increase in their position. In the last three months, insiders have acquired 74,500 shares of company stock valued at $101,855. Corporate insiders own 1.30% of the company’s stock.

TeraGo Company Profile

TERAGO provides managed network and security services to businesses across Canada ensuring highly secure, reliable, and redundant connectivity including private 5G wireless networks, Fixed Wireless access, fiber, and cable wireline network connectivity. As Canada’s biggest mmWave spectrum holders, the Company possesses spectrum licenses in the 24 GHz and 38 GHz spectrum bands, which it utilizes to provide secure, dedicated SLA guaranteed enterprise grade performance that is technology diverse from buried cables ensuring high availability connectivity services.