TeraGo (TSE:TGO) Sets New 12-Month High – Here’s What Happened

Shares of TeraGo Inc. (TSE:TGO) reached a new 52-week high during trading on Wednesday. The stock traded as high as C$1.60 and last traded at C$1.60, with a volume of 10752 shares traded. The stock had previously closed at C$1.40.

Wall Street Analysts Forecast Growth

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 note on Thursday, June 18th. One research analyst has rated the stock with a Hold rating, According to MarketBeat, the company has a consensus rating of “Hold” and an average price target of C$1.25.

TeraGo Stock Up 14.3%

The company has a current ratio of 1.03, a quick ratio of 0.60 and a debt-to-equity ratio of -4,868.75. The stock has a market capitalization of C$62.46 million, a P/E ratio of -6.15, a P/E/G ratio of -1.00 and a beta of 0.46. The business has a 50-day moving average price of C$1.40 and a 200 day moving average price of C$1.21.

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

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.