TeraGo (TSE:TGO) Stock Passes Above Two Hundred Day Moving Average – Here’s Why

Shares of TeraGo Inc. (TSE:TGO) crossed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of C$1.07 and traded as high as C$1.44. TeraGo shares last traded at C$1.40, with a volume of 8,851 shares.

Wall Street Analyst Weigh In

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

TeraGo Price Performance

The company has a 50 day simple moving average of C$1.32 and a 200-day simple moving average of C$1.08. The stock has a market cap of C$53.09 million, a price-to-earnings ratio of -3.68, a P/E/G ratio of -1.00 and a beta of 0.45. 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.

TeraGo (TSE:TGO) last posted 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 for the quarter. TeraGo had a negative return on equity of 4,295.54% and a negative net margin of 65.17%. Research analysts expect that TeraGo Inc. will post -0.49 EPS for the current year.

Insider Activity 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 stock was acquired at an average price of C$1.36 per share, with a total value of C$88,400.00. Following the completion of the transaction, the director owned 299,574 shares in the company, valued at approximately C$407,420.64. This trade represents a 27.71% increase in their ownership of the stock. Insiders have acquired a total of 74,500 shares of company stock valued at $101,855 over the last 90 days. Insiders own 1.30% of the company’s stock.

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.