TeraGo (TSE:TGO) Reaches New 52-Week Low – Here’s What Happened

TeraGo Inc. (TSE:TGO) shares reached a new 52-week low during mid-day trading on Wednesday . The stock traded as low as C$0.67 and last traded at C$0.67, with a volume of 21193 shares changing hands. The stock had previously closed at C$0.69.

TeraGo Price Performance

The stock’s 50 day simple moving average is C$0.81 and its 200-day simple moving average is C$1.00. The firm has a market cap of C$26.13 million, a price-to-earnings ratio of -1.03, a price-to-earnings-growth ratio of -1.00 and a beta of 0.64. The company has a debt-to-equity ratio of 560.14, a quick ratio of 0.60 and a current ratio of 0.24.

TeraGo (TSE:TGO) last announced its quarterly earnings results on Monday, November 10th. The company reported C($0.12) earnings per share (EPS) for the quarter. The firm had revenue of C$6.40 million for the quarter. TeraGo had a negative return on equity of 108.94% and a negative net margin of 52.27%. Equities research analysts anticipate that TeraGo Inc. will post -0.49 EPS for the current fiscal year.

TeraGo Company Profile

TeraGo provides wireless connectivity and private 5G wireless networking services to businesses operating across Canada. The Company holds 2120 MHz of exclusive spectrum licenses in the 24 GHz and 38 GHz spectrum bands, which it utilizes to provide secure and reliable enterprise grade networking and connectivity services.