TeraGo (TSE:TGO – Get Free Report) posted its quarterly earnings data on Wednesday. The company reported C($0.10) EPS for the quarter, FiscalAI reports. The company had revenue of C$6.21 million during the quarter. TeraGo had a negative net margin of 65.17% and a negative return on equity of 4,295.54%.
TeraGo Stock Down 4.9%
TeraGo stock traded down C$0.07 during mid-day trading on Wednesday, reaching C$1.36. The company’s stock had a trading volume of 3,700 shares, compared to its average volume of 25,718. The company has a debt-to-equity ratio of 2,100.38, a quick ratio of 0.60 and a current ratio of 1.26. TeraGo has a 12 month low of C$0.60 and a 12 month high of C$1.47. The business’s 50 day simple moving average is C$1.32 and its 200 day simple moving average is C$1.08. The company has a market capitalization of C$53.09 million, a price-to-earnings ratio of -3.68, a price-to-earnings-growth ratio of -1.00 and a beta of 0.45.
Analysts Set New Price Targets
Separately, ATB Cormark Capital Markets lifted their price target on TeraGo from C$0.80 to C$1.25 and gave the company a “sector perform” rating in a research note on Thursday, June 18th. One investment analyst has rated the stock with a Hold rating, According to data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of C$1.25.
Insider Buying and Selling
In other TeraGo news, Director Martin Pinnes acquired 65,000 shares of TeraGo stock in a transaction dated Wednesday, May 20th. The stock was bought at an average cost of C$1.36 per share, for a total transaction of C$88,400.00. Following the purchase, the director directly owned 299,574 shares in the company, valued at approximately C$407,420.64. This represents a 27.71% increase in their position. Over the last quarter, insiders have bought 74,500 shares of company stock worth $101,855. Insiders own 1.30% of the company’s stock.
About TeraGo
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.
Featured Stories
- Five stocks we like better than TeraGo
- GE Vernova’s AI Power Boom Faces a Profit Test
- Cardinal Health Earnings: Can Perfection Get Priced In Twice?
- Nebius’ Q2 Beat Shows the AI Bottleneck Is Capacity, Not Demand
- Legacy Jet Builders Stall While Embraer Accelerates to New Highs
Receive News & Ratings for TeraGo Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for TeraGo and related companies with MarketBeat.com's FREE daily email newsletter.
