Tern (LON:TERN) Stock Price Down 15.6% – Time to Sell?

Shares of Tern Plc (LON:TERN) were down 15.6% during mid-day trading on Tuesday . The company traded as low as GBX 0.75 and last traded at GBX 0.76. Approximately 2,619,661 shares changed hands during trading, an increase of 25% from the average daily volume of 2,092,989 shares. The stock had previously closed at GBX 0.90.

Tern Stock Up 11.0%

The company has a market cap of £5.17 million, a P/E ratio of -2.00 and a beta of 0.83. The stock’s 50-day moving average price is GBX 0.56 and its 200-day moving average price is GBX 0.54. The company has a current ratio of 0.44, a quick ratio of 0.75 and a debt-to-equity ratio of 1.65.

About Tern

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.