TeraGo (TSE:TGO) Sets New 1-Year High – Here’s What Happened

TeraGo Inc. (TSE:TGO) hit a new 52-week high on Tuesday . The company traded as high as C$1.50 and last traded at C$1.50, with a volume of 20500 shares. The stock had previously closed at C$1.50.

Wall Street Analyst Weigh In

Separately, ATB Cormark Capital Markets raised their target price on shares of TeraGo from C$0.80 to C$1.25 and gave the company a “sector perform” rating in a research report on Thursday, June 18th. One equities research analyst has rated the stock with a Hold rating, According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of C$1.25.

TeraGo Stock Performance

The company has a debt-to-equity ratio of -4,868.75, a current ratio of 1.03 and a quick ratio of 0.60. The company has a market capitalization of C$58.55 million, a price-to-earnings ratio of -5.77, a P/E/G ratio of -1.00 and a beta of 0.45. The business’s 50-day moving average price is C$1.34 and its two-hundred day moving average price is C$1.11.

TeraGo (TSE:TGO) last released its earnings results on Wednesday, August 12th. The company reported C($0.10) EPS for the quarter. TeraGo had a negative net margin of 63.78% and a negative return on equity of 2,436.24%. The firm had revenue of C$6.21 million during the quarter. Research analysts predict that TeraGo Inc. will post -0.49 earnings per share for the current year.

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.