TeraGo (TSE:TGO) Price Target Raised to C$1.25

TeraGo (TSE:TGO) had its price objective upped by ATB Cormark Capital Markets from C$0.80 to C$1.25 in a report issued on Thursday,BayStreet.CA reports. The brokerage currently has a “sector perform” rating on the stock. ATB Cormark Capital Markets’ price target suggests a potential downside of 0.79% from the stock’s current price.

TeraGo Stock Down 6.0%

Shares of TSE TGO traded down C$0.08 during trading hours on Thursday, hitting C$1.26. The stock had a trading volume of 100 shares, compared to its average volume of 28,573. The firm’s 50-day moving average price is C$1.09 and its two-hundred day moving average price is C$0.91. TeraGo has a 52 week low of C$0.60 and a 52 week high of C$1.50. The company has a market capitalization of C$49.19 million, a P/E ratio of -3.41, a P/E/G ratio of -1.00 and a beta of 0.24. The company has a debt-to-equity ratio of 2,100.38, a quick ratio of 0.60 and a current ratio of 1.26.

TeraGo (TSE:TGO) last released its quarterly earnings results on Tuesday, May 12th. The company reported C($0.08) earnings per share for the quarter. TeraGo had a negative net margin of 65.17% and a negative return on equity of 4,295.54%. The business had revenue of C$6.17 million for the quarter. Analysts anticipate that TeraGo will post -0.49 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, Director Martin Pinnes purchased 65,000 shares of the firm’s stock in a transaction on Wednesday, May 20th. The stock was bought at an average cost of C$1.36 per share, for a total transaction of C$88,400.00. Following the completion of the acquisition, the director directly 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 ownership of the stock. Over the last three months, insiders have acquired 74,500 shares of company stock worth $101,855. 1.30% of the stock is owned by insiders.

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.