Tern (LON:TERN) Trading 1.3% Higher – Time to Buy?

Shares of Tern Plc (LON:TERNGet Free Report) rose 1.3% during trading on Monday . The stock traded as high as GBX 0.65 and last traded at GBX 0.65. Approximately 2,002,859 shares changed hands during trading, a decline of 7% from the average daily volume of 2,157,487 shares. The stock had previously closed at GBX 0.64.

Tern Stock Up 7.8%

The firm has a 50-day moving average of GBX 0.55 and a two-hundred day moving average of GBX 0.72. The company has a quick ratio of 0.75, a current ratio of 0.33 and a debt-to-equity ratio of 1.89. The stock has a market capitalization of £4.64 million, a price-to-earnings ratio of -1.79 and a beta of 0.89.

About Tern

(Get Free Report)

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.

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