Shares of TeraGo Inc. (TSE:TGO) rose 2.7% during trading on Tuesday . The stock traded as high as C$5.34 and last traded at C$5.25. Approximately 8,850 shares were traded during mid-day trading, a decline of 93% from the average daily volume of 127,670 shares. The stock had previously closed at C$5.11.
TGO has been the topic of several research analyst reports. TD Securities raised their price objective on TeraGo from C$5.00 to C$5.50 and gave the company a “hold” rating in a report on Friday. Desjardins raised their price objective on TeraGo from C$5.25 to C$5.75 in a report on Friday.
The company has a market cap of $86.19, a PE ratio of -25.55 and a beta of 0.55.
Terago Inc, through its subsidiaries, provides businesses across Canada with data and voice communications services, data center colocation and hosting services through its approximately seven data centers, as well as cloud Infrastructure as a Service (IaaS) computing and storage solutions. With respect to its data and voice communications services, the Company owns and operates a carrier-grade, MultiProtocol Label Switching (MPLS)-enabled fixed wireless, Internet protocol (IP) communications network in Canada targeting businesses that require Internet access and data connectivity services.
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