Tern (LON:TERN) Trading 19.1% Higher – Here’s What Happened

Tern Plc (LON:TERN) shares traded up 19.1% during trading on Wednesday . The company traded as high as GBX 1.31 and last traded at GBX 1.31. 1,564,604 shares were traded during trading, a decline of 48% from the average session volume of 2,980,792 shares. The stock had previously closed at GBX 1.10.

Tern Price Performance

The company has a market capitalization of £10.55 million, a price-to-earnings ratio of -3.37 and a beta of 0.83. The company has a debt-to-equity ratio of 1.65, a current ratio of 0.44 and a quick ratio of 0.75. The business has a fifty day moving average price of GBX 0.86 and a 200 day moving average price of GBX 0.66.

Tern Company Profile

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.