Tern (LON:TERN) Releases Quarterly Earnings Results

Tern (LON:TERN) announced its quarterly earnings data on Tuesday. The company reported GBX (0.05) earnings per share for the quarter, Digital Look Earnings reports. Tern had a negative net margin of 9,424.35% and a negative return on equity of 59.29%.

Tern Stock Performance

LON TERN traded down GBX 0.10 during trading on Tuesday, reaching GBX 0.75. 7,294,782 shares of the company’s stock were exchanged, compared to its average volume of 2,979,706. The business has a 50 day moving average price of GBX 1.18 and a 200-day moving average price of GBX 1.01. The stock has a market capitalization of £7.17 million, a P/E ratio of -0.93 and a beta of 0.83. The company has a debt-to-equity ratio of 2.64, a current ratio of 0.68 and a quick ratio of 0.75. Tern has a fifty-two week low of GBX 0.30 and a fifty-two week high of GBX 1.70.

About Tern

Tern backs companies with proven technology, based in the UK but with global ambition.

Our management team has a strong track record of unlocking opportunities in the USA for UK companies.

We look for well-motivated teams who are building innovative high growth businesses, with revenue and IP, and which are harnessing software to create or disrupt markets.

We predominantly support software companies which develop commercial IoT security, enablement and analytics solutions for the healthcare and industrial sectors, where safety and regulatory compliance are important market requirements.

Unlike many of our peers, we select to work with only a handful of companies in a given period.