Tern (LON:TERN) Stock Price Up 12.3% – Time to Buy?

Tern Plc (LON:TERN)’s share price traded up 12.3% on Wednesday . The company traded as high as GBX 0.45 and last traded at GBX 0.45. 1,242,788 shares traded hands during mid-day trading, a decline of 23% from the average session volume of 1,607,390 shares. The stock had previously closed at GBX 0.40.

Tern Stock Performance

The firm has a market cap of £2.69 million, a price-to-earnings ratio of -1.04 and a beta of 0.89. The company’s 50-day moving average price is GBX 0.55 and its 200-day moving average price is GBX 0.59. The company has a quick ratio of 0.75, a current ratio of 0.33 and a debt-to-equity ratio of 1.89.

About Tern

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.