Tern (LON:TERN) Stock Price Down 15.6% – Time to Sell?

Tern Plc (LON:TERN)’s share price dropped 15.6% during mid-day trading on Tuesday . The stock traded as low as GBX 0.75 and last traded at GBX 0.76. Approximately 2,619,661 shares changed hands during trading, an increase of 25% from the average daily volume of 2,092,989 shares. The stock had previously closed at GBX 0.90.

Tern Stock Performance

The company has a debt-to-equity ratio of 1.65, a quick ratio of 0.75 and a current ratio of 0.44. The firm’s 50 day moving average is GBX 0.55 and its 200-day moving average is GBX 0.54. The firm has a market cap of £4.83 million, a price-to-earnings ratio of -1.87 and a beta of 0.83.

Tern Company Profile

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.