Tern (LON:TERN) Trading Up 15.6% – Time to Buy?

Tern Plc (LON:TERN)’s stock price traded up 15.6% during mid-day trading on Tuesday . The stock traded as high as GBX 0.55 and last traded at GBX 0.55. 1,090,567 shares were traded during mid-day trading, a decline of 32% from the average session volume of 1,605,012 shares. The stock had previously closed at GBX 0.48.

Tern Stock Down 7.4%

The company has a market cap of £2.96 million, a P/E ratio of -1.14 and a beta of 0.89. The company has a 50-day simple moving average of GBX 0.56 and a 200 day simple moving average of GBX 0.63. The company has a current ratio of 0.33, a quick ratio of 0.75 and a debt-to-equity ratio of 1.89.

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.