TeraGo (TSE:TGO) Sets New 12-Month High – Still a Buy?

TeraGo Inc. (TSE:TGO – Get Free Report) reached a new 52-week high during mid-day trading on Tuesday . The company traded as high as C$1.50 and last traded at C$1.50, with a volume of 20500 shares. The stock had previously closed at C$1.50.

Analyst Upgrades and Downgrades

Separately, ATB Cormark Capital Markets raised their target price 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 analyst has rated the stock with a Hold rating, According to MarketBeat, TeraGo presently has a consensus rating of “Hold” and a consensus price target of C$1.25.

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TeraGo Stock Down 1.3%

The firm has a market capitalization of C$57.77 million, a P/E ratio of -5.69, a PEG ratio of -1.00 and a beta of 0.45. The company has a debt-to-equity ratio of -4,868.75, a quick ratio of 0.60 and a current ratio of 1.03. The firm’s 50-day moving average is C$1.35 and its 200 day moving average is C$1.12.

TeraGo (TSE:TGO – Get Free Report) last released its earnings results on Wednesday, August 12th. The company reported C($0.10) earnings per share (EPS) for the quarter. TeraGo had a negative return on equity of 2,436.24% and a negative net margin of 63.78%.The firm had revenue of C$6.21 million for the quarter. As a group, equities research analysts predict that TeraGo Inc. will post -0.49 EPS for the current fiscal year.

About TeraGo

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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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