TeraGo (TSE:TGO) Sets New 52-Week High – Here’s Why

TeraGo Inc. (TSE:TGO)’s share price reached a new 52-week high on Wednesday . The company traded as high as C$1.50 and last traded at C$1.40, with a volume of 3394 shares. The stock had previously closed at C$1.40.

Wall Street Analyst Weigh In

Separately, ATB Cormark Capital Markets increased their target price on TeraGo from C$0.80 to C$1.25 and gave the company a “sector perform” rating in a research report on Thursday, June 18th. One analyst has rated the stock with a Hold rating, According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of C$1.25.

TeraGo Trading Up 7.1%

The firm has a market capitalization of C$58.55 million, a PE ratio of -4.05, a price-to-earnings-growth ratio of -1.00 and a beta of 0.45. The company has a quick ratio of 0.60, a current ratio of 1.03 and a debt-to-equity ratio of -4,868.75. The company’s 50-day simple moving average is C$1.34 and its 200 day simple moving average is C$1.10.

TeraGo (TSE:TGO) last issued its quarterly earnings data on Wednesday, August 12th. The company reported C($0.10) earnings per share (EPS) for the quarter. TeraGo had a negative return on equity of 2,436.24% and a negative net margin of 63.78%.The firm had revenue of C$6.21 million during the quarter. As a group, sell-side analysts expect that TeraGo Inc. will post -0.49 EPS for the current year.

TeraGo Company Profile

TERAGO provides managed network and security services to businesses across Canada ensuring highly secure, reliable, and redundant connectivity including private 5G wireless networks, Fixed Wireless access, fiber, and cable wireline network connectivity. As Canada’s biggest mmWave spectrum holders, the Company possesses spectrum licenses in the 24 GHz and 38 GHz spectrum bands, which it utilizes to provide secure, dedicated SLA guaranteed enterprise grade performance that is technology diverse from buried cables ensuring high availability connectivity services.