TeraGo (TSE:TGO) Hits New 1-Year High – Here’s Why

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

TeraGo Stock Down 2.3%

The company 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 has a debt-to-equity ratio of 2,100.38, a current ratio of 1.26 and a quick ratio of 0.60. The firm has a 50-day moving average price of C$1.01 and a 200 day moving average price of C$0.88.

TeraGo (TSE:TGO) last posted its quarterly earnings results on Tuesday, May 12th. The company reported C($0.08) 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 during the quarter. Sell-side analysts predict that TeraGo Inc. will post -0.49 EPS for the current year.

Insider Transactions at TeraGo

In other TeraGo news, Director Martin Pinnes acquired 65,000 shares of the stock in a transaction dated Wednesday, May 20th. The stock was purchased at an average cost of C$1.36 per share, with a total value of C$88,400.00. Following the transaction, the director owned 299,574 shares in the company, valued at approximately C$407,420.64. The trade was a 27.71% increase in their position. In the last three months, insiders have purchased 74,500 shares of company stock worth $101,855. 1.30% of the stock is currently owned by company insiders.

About TeraGo

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.