TeraGo (TSE:TGO) Shares Up 12.3% – Time to Buy?

TeraGo Inc. (TSE:TGO) traded up 12.3% during mid-day trading on Tuesday. The stock traded as high as C$2.01 and last traded at C$2.01. Approximately 114,357 shares traded hands during trading, an increase of 407% from the average session volume of 22,549 shares. The stock had previously closed at C$1.79.

TeraGo Stock Down 2.1%

The stock has a market capitalization of C$73.78 million, a P/E ratio of -7.27, a price-to-earnings-growth ratio of -1.00 and a beta of 0.02. The company has a debt-to-equity ratio of -4,868.75, a quick ratio of 0.60 and a current ratio of 1.03. The stock’s fifty day simple moving average is C$1.54 and its two-hundred day simple moving average is C$1.19.

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

About TeraGo

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.