Tern (LON:TERN) Shares Down 21.8% – What’s Next?

Tern Plc (LON:TERN)’s share price fell 21.8% during mid-day trading on Monday . The company traded as low as GBX 0.43 and last traded at GBX 0.43. 107,277 shares traded hands during trading, a decline of 96% from the average session volume of 2,923,515 shares. The stock had previously closed at GBX 0.55.

Tern Trading Up 17.0%

The stock’s fifty day simple moving average is GBX 0.56 and its 200-day simple moving average is GBX 0.98. The company has a debt-to-equity ratio of 1.89, a current ratio of 0.33 and a quick ratio of 0.75. The firm has a market cap of £3.42 million, a PE ratio of -1.34 and a beta of 0.89.

Tern (LON:TERN) last released its earnings results on Thursday, September 4th. The company reported GBX (0.18) earnings per share (EPS) for the quarter. Tern had a negative net margin of 17,804.03% and a negative return on equity of 108.05%.

Tern Company Profile

Tern backs companies with proven technology, based in the UK but with global ambition.

Our management team has a strong track record of unlocking opportunities in the USA for UK companies.

We look for well-motivated teams who are building innovative high growth businesses, with revenue and IP, and which are harnessing software to create or disrupt markets.

We predominantly support software companies which develop commercial IoT security, enablement and analytics solutions for the healthcare and industrial sectors, where safety and regulatory compliance are important market requirements.

Unlike many of our peers, we select to work with only a handful of companies in a given period.