TeraGo (TSE:TGO) Reaches New 52-Week High – Still a Buy?

TeraGo Inc. (TSE:TGO)’s share price reached a new 52-week high on Thursday . The stock traded as high as C$1.30 and last traded at C$1.30, with a volume of 15670 shares changing hands. The stock had previously closed at C$1.29.

TeraGo Trading Up 7.1%

The business has a fifty day moving average price of C$1.06 and a 200-day moving average price of C$0.90. The company has a market cap of C$52.70 million, a P/E ratio of -3.65, a PEG ratio of -1.00 and a beta of 0.24. The company has a quick ratio of 0.60, a current ratio of 1.26 and a debt-to-equity ratio of 2,100.38.

TeraGo (TSE:TGO) last issued its quarterly earnings results on Tuesday, May 12th. The company reported C($0.08) EPS for the quarter. TeraGo had a negative net margin of 65.17% and a negative return on equity of 4,295.54%. The firm had revenue of C$6.17 million for the quarter. On average, analysts forecast that TeraGo Inc. will post -0.49 earnings per share for the current year.

Insider Activity at TeraGo

In other TeraGo news, Director Martin Pinnes bought 65,000 shares of the business’s stock in a transaction dated Wednesday, May 20th. The shares were purchased at an average price of C$1.36 per share, with a total value of C$88,400.00. Following the completion of the purchase, the director owned 299,574 shares in the company, valued at C$407,420.64. This represents a 27.71% increase in their position. Insiders purchased a total of 74,500 shares of company stock worth $101,855 over the last quarter. Corporate insiders own 1.30% of the company’s stock.

About TeraGo

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.