TeraGo (TSE:TGO) Shares Pass Above 200 Day Moving Average – What’s Next?

TeraGo Inc. (TSE:TGO) shares passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of C$1.17 and traded as high as C$1.39. TeraGo shares last traded at C$1.36, with a volume of 11,600 shares traded.

Wall Street Analyst Weigh In

Separately, ATB Cormark Capital Markets increased their target price on shares of 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 investment analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of C$1.25.

TeraGo Stock Performance

The firm’s fifty day simple moving average is C$1.39 and its 200 day simple moving average is C$1.18. The company has a debt-to-equity ratio of -4,868.75, a current ratio of 1.03 and a quick ratio of 0.60. The company has a market capitalization of C$54.65 million, a PE ratio of -5.38, a price-to-earnings-growth ratio of -1.00 and a beta of 0.46.

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

About TeraGo

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.