TeraGo (TSE:TGO) Hits New 12-Month Low – Here’s Why

TeraGo Inc. (TSE:TGO) reached a new 52-week low on Tuesday . The stock traded as low as C$0.61 and last traded at C$0.61, with a volume of 61501 shares trading hands. The stock had previously closed at C$0.65.

TeraGo Stock Performance

The firm has a market cap of C$23.79 million, a P/E ratio of -0.94, a P/E/G ratio of -1.00 and a beta of 0.64. The business has a fifty day simple moving average of C$0.79 and a 200-day simple moving average of C$0.99. The company has a quick ratio of 0.60, a current ratio of 0.24 and a debt-to-equity ratio of 560.14.

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

About TeraGo

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. TeraGo serves over 1,800 Canadian and Global businesses operating in major markets across Canada, including Toronto, Montreal, Calgary, Edmonton, Vancouver, Ottawa and Winnipeg, and has been providing wireless services since 1999.