TeraGo (TSE:TGO) Posts Quarterly Earnings Results

TeraGo (TSE:TGO) released its quarterly earnings results on Wednesday. The company reported C($0.10) EPS for the quarter, FiscalAI reports. TeraGo had a negative return on equity of 4,295.54% and a negative net margin of 65.17%.The firm had revenue of C$6.21 million for the quarter.

TeraGo Price Performance

TeraGo stock opened at C$1.36 on Thursday. The company has a debt-to-equity ratio of 2,100.38, a current ratio of 1.26 and a quick ratio of 0.60. The stock has a market cap of C$53.09 million, a price-to-earnings ratio of -3.68, a price-to-earnings-growth ratio of -1.00 and a beta of 0.45. The firm has a 50-day moving average of C$1.32 and a two-hundred day moving average of C$1.08. TeraGo has a 1 year low of C$0.60 and a 1 year high of C$1.47.

Insider Activity at TeraGo

In related news, Director Martin Pinnes purchased 65,000 shares of the firm’s stock in a transaction dated Wednesday, May 20th. The stock was 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 of the company’s stock, valued at approximately C$407,420.64. The trade was a 27.71% increase in their position. Insiders have purchased 74,500 shares of company stock worth $101,855 over the last 90 days. Company insiders own 1.30% of the company’s stock.

Wall Street Analyst Weigh In

Separately, ATB Cormark Capital Markets boosted their target price on 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 investment analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of C$1.25.

TeraGo Company Profile

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.