Tern (LON:TERN) Trading 7.7% Higher – Still a Buy?

Tern Plc (LON:TERN) shares shot up 7.7% on Wednesday . The company traded as high as GBX 1.68 ($0.02) and last traded at GBX 1.67 ($0.02). 321,189 shares were traded during trading, a decline of 95% from the average session volume of 5,916,026 shares. The stock had previously closed at GBX 1.55 ($0.02).

Tern Stock Performance

The company has a market cap of £7.29 million, a PE ratio of -54.67 and a beta of 0.89. The company has a debt-to-equity ratio of 1.89, a quick ratio of 0.75 and a current ratio of 0.33. The firm’s 50 day moving average is GBX 1.53 and its 200-day moving average is GBX 1.58.

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.