Tern (LON:TERN) Reaches New 52-Week High – Here’s Why

Tern Plc (LON:TERN)’s share price reached a new 52-week high during trading on Tuesday . The company traded as high as GBX 1.70 and last traded at GBX 1.54, with a volume of 11260504 shares. The stock had previously closed at GBX 1.48.

Tern Trading Up 4.3%

The stock has a 50-day moving average of GBX 1.16 and a 200 day moving average of GBX 0.79. The company has a quick ratio of 0.75, a current ratio of 0.68 and a debt-to-equity ratio of 2.64. The stock has a market cap of £13.16 million, a PE ratio of -1.90 and a beta of 0.83.

Tern (LON:TERN) last posted its quarterly earnings results on Wednesday, June 24th. The company reported GBX (0.81) earnings per share (EPS) for the quarter. Tern had a negative return on equity of 59.29% and a negative net margin of 9,424.35%.The business had revenue of GBX (403) million for the quarter.

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.