Tern (LON:TERN) Trading Down 8.1% – Here’s What Happened

Tern Plc (LON:TERN)’s share price was down 8.1% during trading on Wednesday . The stock traded as low as GBX 0.70 and last traded at GBX 0.74. Approximately 80,005 shares were traded during trading, a decline of 96% from the average daily volume of 2,187,418 shares. The stock had previously closed at GBX 0.80.

Tern Price Performance

The company has a 50 day moving average price of GBX 0.60 and a 200 day moving average price of GBX 0.54. The firm has a market cap of £5.45 million, a PE ratio of -2.10 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.

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.