Tern (LON:TERN) Share Price Passes Below Two Hundred Day Moving Average of $8.63

Tern Plc (LON:TERNGet Rating)’s stock price crossed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 8.63 ($0.10) and traded as low as GBX 6.61 ($0.08). Tern shares last traded at GBX 7 ($0.08), with a volume of 2,666,796 shares changing hands.

Tern Stock Performance

The company has a market cap of £26.12 million, a price-to-earnings ratio of 700.00 and a beta of 1.25. The business’s 50 day simple moving average is GBX 7.77 and its 200-day simple moving average is GBX 8.63.

About Tern

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Tern Plc is a venture capital firm specializing in growth capital investment. The firm typically invests in the software companies having IoT security, Artificial Intelligence ("AI"), Machine Learning ("ML"), Virtual/Augmented Reality ("VR/AR") and Data Science, enablement and analytics solutions for the healthcare and industrial sectors.

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