Tern (LON:TERN) Stock Price Crosses Below Two Hundred Day Moving Average – Here’s Why

Tern Plc (LON:TERN)’s share price passed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 1.17 ($0.02) and traded as low as GBX 0.72 ($0.01). Tern shares last traded at GBX 0.78 ($0.01), with a volume of 578,053 shares trading hands.

Tern Stock Performance

The company has a market capitalization of £5.01 million, a price-to-earnings ratio of -93.27 and a beta of 0.89. The company has a debt-to-equity ratio of 1.89, a current ratio of 0.33 and a quick ratio of 0.75. The stock has a 50 day simple moving average of GBX 0.87 and a two-hundred day simple moving average of GBX 1.17.

Tern (LON:TERN) last issued its quarterly earnings results on Thursday, September 4th. The company reported GBX (0.18) EPS for the quarter. Tern had a negative return on equity of 108.05% and a negative net margin of 17,804.03%.

About Tern

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.