Tern (LON:TERN) Stock Passes Above Fifty Day Moving Average – Should You Sell?

Tern Plc (LON:TERN) passed above its fifty day moving average during trading on Tuesday . The stock has a fifty day moving average of GBX 0.48 and traded as high as GBX 0.70. Tern shares last traded at GBX 0.68, with a volume of 4,038,262 shares changing hands.

Tern Stock Up 7.7%

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 moving average price is GBX 0.48 and its 200 day moving average price is GBX 0.78. The firm has a market cap of £4.71 million, a PE ratio of -1.82 and a beta of 0.89.

Tern Company Profile

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.