TeraGo Inc. (TSE:TGO – Get Free Report)’s stock price hit a new 52-week high on Wednesday . The stock traded as high as C$1.50 and last traded at C$1.40, with a volume of 3394 shares trading hands. The stock had previously closed at C$1.40.
Analyst Upgrades and Downgrades
Separately, ATB Cormark Capital Markets lifted their price objective on shares of TeraGo from C$0.80 to C$1.25 and gave the stock a “sector perform” rating in a report on Thursday, June 18th. One research analyst has rated the stock with a Hold rating, According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of C$1.25.
View Our Latest Stock Analysis on TGO
TeraGo Price Performance
TeraGo (TSE:TGO – Get Free Report) last posted its quarterly earnings results on Wednesday, August 12th. The company reported C($0.10) earnings per share for the quarter. TeraGo had a negative net margin of 63.78% and a negative return on equity of 2,436.24%. The company had revenue of C$6.21 million for the quarter. Equities research analysts forecast that TeraGo Inc. will post -0.49 earnings per share for the current fiscal year.
TeraGo Company Profile
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.
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