Tern (LON:TERN) Trading Up 1.3% – Should You Buy?

Tern Plc (LON:TERN) shares were up 1.3% on Monday . The stock traded as high as GBX 0.65 and last traded at GBX 0.65. Approximately 2,002,859 shares traded hands during mid-day trading, a decline of 7% from the average daily volume of 2,157,487 shares. The stock had previously closed at GBX 0.64.

Tern Stock Performance

The company has a debt-to-equity ratio of 1.89, a quick ratio of 0.75 and a current ratio of 0.33. The stock has a 50-day moving average of GBX 0.55 and a 200-day moving average of GBX 0.72. The firm has a market cap of £4.64 million, a price-to-earnings ratio of -1.79 and a beta of 0.89.

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.