Tern (LON:TERN) Trading Up 11% – Here’s What Happened

Tern Plc (LON:TERN) shares were up 11% during mid-day trading on Thursday . The company traded as high as GBX 0.75 and last traded at GBX 0.75. Approximately 218,810 shares changed hands during trading, a decline of 90% from the average daily volume of 2,216,210 shares. The stock had previously closed at GBX 0.68.

Tern Trading Up 11.0%

The stock has a market cap of £5.17 million, a P/E ratio of -2.00 and a beta of 0.83. The company has a debt-to-equity ratio of 1.65, a quick ratio of 0.75 and a current ratio of 0.44. The stock has a 50-day moving average price of GBX 0.56 and a 200-day moving average price of GBX 0.54.

Tern Company Profile

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.