Tern (LON:TERN) Stock Price Down 7.1% – Should You Sell?

Tern Plc (LON:TERN) shares traded down 7.1% on Wednesday . The stock traded as low as GBX 1.30 and last traded at GBX 1.30. 2,068,974 shares traded hands during mid-day trading, a decline of 32% from the average session volume of 3,033,782 shares. The stock had previously closed at GBX 1.40.

Tern Price Performance

The company has a debt-to-equity ratio of 2.64, a quick ratio of 0.75 and a current ratio of 0.68. The company’s fifty day moving average price is GBX 1.24 and its 200-day moving average price is GBX 0.84. The stock has a market cap of £12.90 million, a P/E ratio of -1.67 and a beta of 0.83.

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

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.