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

TeraGo Inc. (TSE:TGO)’s share price passed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of C$0.94 and traded as high as C$1.31. TeraGo shares last traded at C$1.27, with a volume of 11,600 shares.

Analysts Set New Price Targets

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

TeraGo Price Performance

The company has a current ratio of 1.26, a quick ratio of 0.60 and a debt-to-equity ratio of 2,100.38. The firm has a market cap of C$49.58 million, a PE ratio of -3.43, a price-to-earnings-growth ratio of -1.00 and a beta of 0.24. The stock has a 50 day simple moving average of C$1.15 and a 200-day simple moving average of C$0.94.

TeraGo (TSE:TGO) last announced its quarterly earnings data on Tuesday, May 12th. The company reported C($0.08) EPS for the quarter. TeraGo had a negative net margin of 65.17% and a negative return on equity of 4,295.54%. The business had revenue of C$6.17 million during the quarter. Equities analysts anticipate that TeraGo Inc. will post -0.49 earnings per share for the current fiscal year.

Insider Transactions at TeraGo

In other TeraGo news, Director Martin Pinnes bought 65,000 shares of the firm’s stock in a transaction that occurred on Wednesday, May 20th. The shares were bought at an average price of C$1.36 per share, with a total value of C$88,400.00. Following the purchase, the director owned 299,574 shares of the company’s stock, valued at C$407,420.64. This trade represents a 27.71% increase in their ownership of the stock. Over the last 90 days, insiders purchased 74,500 shares of company stock worth $101,855. 1.30% of the stock is currently owned by company insiders.

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.