Tern (LON:TERN) Shares Down 11.1% – Should You Sell?

Tern Plc (LON:TERN)’s stock price was down 11.1% during trading on Wednesday . The company traded as low as GBX 0.40 ($0.01) and last traded at GBX 0.40 ($0.01). Approximately 927,356 shares traded hands during mid-day trading, a decline of 69% from the average daily volume of 2,984,809 shares. The stock had previously closed at GBX 0.45 ($0.01).

Tern Stock Down 2.7%

The firm has a market capitalization of £2.91 million, a PE ratio of -1.14 and a beta of 0.89. The business’s fifty day moving average price is GBX 0.66 and its 200 day moving average price is GBX 1.06. 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 (LON:TERN) last released its quarterly earnings results on Thursday, September 4th. The company reported GBX (0.18) EPS for the quarter. Tern had a negative net margin of 17,804.03% and a negative return on equity of 108.05%.

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.