Tern (LON:TERN) Shares Down 8.1% – Time to Sell?

Tern Plc (LON:TERN)’s share price dropped 8.1% during mid-day trading on Wednesday . The company traded as low as GBX 0.70 and last traded at GBX 0.74. Approximately 80,005 shares traded hands during mid-day trading, a decline of 96% from the average daily volume of 2,187,418 shares. The stock had previously closed at GBX 0.80.

Tern Stock Performance

The stock’s 50-day moving average price is GBX 0.59 and its 200-day moving average price is GBX 0.54. The company has a market cap of £5.07 million, a P/E ratio of -1.96 and a beta of 0.83. The company has a debt-to-equity ratio of 1.65, a current ratio of 0.44 and a quick ratio of 0.75.

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.