TeraGo (TSE:TGO) Hits New 1-Year Low – Here’s Why

Shares of TeraGo Inc. (TSE:TGO) hit a new 52-week low during mid-day trading on Monday . The company traded as low as C$0.60 and last traded at C$0.60, with a volume of 53343 shares. The stock had previously closed at C$0.60.

TeraGo Stock Down 5.8%

The firm has a market capitalization of C$25.35 million, a PE ratio of -1.00, a P/E/G ratio of -1.00 and a beta of 0.64. The company has a debt-to-equity ratio of 560.14, a current ratio of 0.24 and a quick ratio of 0.60. The company has a 50-day moving average price of C$0.76 and a 200 day moving average price of C$0.96.

TeraGo (TSE:TGO) last issued its earnings results on Monday, November 10th. The company reported C($0.12) earnings per share (EPS) for the quarter. TeraGo had a negative net margin of 52.27% and a negative return on equity of 108.94%. The business had revenue of C$6.40 million for the quarter. Analysts forecast that TeraGo Inc. will post -0.49 earnings per share for the current year.

About TeraGo

TeraGo provides wireless connectivity and private 5G wireless networking services to businesses operating across Canada. The Company holds 2120 MHz of exclusive spectrum licenses in the 24 GHz and 38 GHz spectrum bands, which it utilizes to provide secure and reliable enterprise grade networking and connectivity services. TeraGo serves over 1,800 Canadian and Global businesses operating in major markets across Canada, including Toronto, Montreal, Calgary, Edmonton, Vancouver, Ottawa and Winnipeg, and has been providing wireless services since 1999.