TeraGo (TSE:TGO) Reaches New 52-Week High – Time to Buy?

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

TeraGo Price Performance

The company has a market capitalization of C$50.75 million, a PE ratio of -3.51, a price-to-earnings-growth ratio of -1.00 and a beta of 0.24. 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 company’s 50 day simple moving average is C$1.02 and its 200 day simple moving average is C$0.88.

TeraGo (TSE:TGOGet Free Report) last announced its quarterly earnings results on Tuesday, May 12th. The company reported C($0.08) EPS for the quarter. The company had revenue of C$6.17 million during the quarter. TeraGo had a negative net margin of 65.17% and a negative return on equity of 4,295.54%. As a group, sell-side analysts predict that TeraGo Inc. will post -0.49 earnings per share for the current year.

Insider Buying and Selling

In related news, Director Martin Pinnes purchased 65,000 shares of the company’s stock in a transaction on Wednesday, May 20th. The shares were bought at an average cost of C$1.36 per share, for a total transaction of C$88,400.00. Following the completion of the purchase, the director directly owned 299,574 shares of the company’s stock, valued at approximately C$407,420.64. This trade represents a 27.71% increase in their position. Insiders have purchased 74,500 shares of company stock valued at $101,855 in the last 90 days. Corporate insiders own 1.30% of the company’s stock.

About TeraGo

(Get Free Report)

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.

Further Reading

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