TeraGo (TSE:TGO) Stock Crosses Above Two Hundred Day Moving Average – Here’s What Happened

TeraGo Inc. (TSE:TGO) shares passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of C$0.88 and traded as high as C$0.93. TeraGo shares last traded at C$0.93, with a volume of 7,504 shares.

TeraGo Stock Down 2.1%

The firm has a market cap of C$36.27 million, a P/E ratio of -1.44, a PEG ratio of -1.00 and a beta of 1.19. The firm’s 50-day moving average price is C$0.76 and its 200 day moving average price is C$0.88. The company has a debt-to-equity ratio of 560.14, a current ratio of 0.24 and a quick ratio of 0.60.

TeraGo (TSE:TGO) last announced its quarterly earnings data on Monday, November 10th. The company reported C($0.12) earnings per share (EPS) for the quarter. The firm had revenue of C$6.40 million for the quarter. TeraGo had a negative net margin of 52.27% and a negative return on equity of 108.94%. On average, equities research analysts expect that TeraGo Inc. will post -0.49 earnings per share for the current fiscal year.

About TeraGo

TeraGo provides wireless connectivity and private 5G wireless networking services to businesses operating across Canada. The Company holds 2120 MHz of exclusive spectrum licenses in the 24 GHz and 38 GHz spectrum bands, which it utilizes to provide secure and reliable enterprise grade networking and connectivity services. TeraGo serves over 1,800 Canadian and Global businesses operating in major markets across Canada, including Toronto, Montreal, Calgary, Edmonton, Vancouver, Ottawa and Winnipeg, and has been providing wireless services since 1999.