TeraGo (TSE:TGO) Shares Cross Above 200 Day Moving Average – What’s Next?

TeraGo Inc. (TSE:TGO – Get Free Report) passed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of C$1.15 and traded as high as C$1.39. TeraGo shares last traded at C$1.39, with a volume of 1,182 shares changing hands.

Wall Street Analyst Weigh In

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 equities research analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of C$1.25.

Get TeraGo alerts:

View Our Latest Stock Analysis on TeraGo

TeraGo Price Performance

The company has a market capitalization of C$56.21 million, a P/E ratio of -5.54, a PEG ratio of -1.00 and a beta of 0.46. The company has a quick ratio of 0.60, a current ratio of 1.03 and a debt-to-equity ratio of -4,868.75. The business has a 50 day simple moving average of C$1.38 and a 200-day simple moving average of C$1.16.

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

TeraGo Company Profile

(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

• Five stocks we like better than TeraGo
• AeroVironment’s Record Backlog and Earnings Beat Fuel Recovery Case
• Corning Just Locked In a Massive Verizon Fiber Deal as AI Infrastructure Expands
• 3 Under-$20 Stocks Tied to the Future of U.S. Energy and Materials
• Uncle Sam’s Quantum Leap: Feds Fund a $300M Quantum Supercycle

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.