Tern (LON:TERN) Shares Down 12.4% – Here’s What Happened

Tern Plc (LON:TERN)’s share price dropped 12.4% during mid-day trading on Friday . The company traded as low as GBX 0.40 and last traded at GBX 0.44. Approximately 3,040,022 shares traded hands during trading, an increase of 101% from the average daily volume of 1,513,366 shares. The stock had previously closed at GBX 0.50.

Tern Trading Down 20.0%

The firm’s 50 day simple moving average is GBX 0.56 and its two-hundred day simple moving average is GBX 0.61. The stock has a market capitalization of £2.69 million, a P/E ratio of -1.04 and a beta of 0.89. The company has a quick ratio of 0.75, a current ratio of 0.33 and a debt-to-equity ratio of 1.89.

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.