Tern (LON:TERN) Stock Price Up 11.1% – Time to Buy?

Tern Plc (LON:TERNGet Free Report)’s share price shot up 11.1% on Wednesday . The company traded as high as GBX 2 ($0.03) and last traded at GBX 2 ($0.03). 2,162,236 shares were traded during trading, a decline of 11% from the average session volume of 2,417,097 shares. The stock had previously closed at GBX 1.80 ($0.02).

Tern Stock Up 1.9 %

The firm has a market cap of £8.15 million, a P/E ratio of -61.63 and a beta of 0.89. The business’s fifty day moving average price is GBX 1.40 and its two-hundred day moving average price is GBX 2. The company has a current ratio of 0.33, a quick ratio of 0.75 and a debt-to-equity ratio of 1.89.

Insider Transactions at Tern

In related news, insider Iain Ross bought 1,100,000 shares of Tern stock in a transaction dated Thursday, October 31st. The shares were bought at an average cost of GBX 1 ($0.01) per share, for a total transaction of £11,000 ($13,848.67). Insiders own 7.02% of the company’s stock.

About Tern

(Get Free Report)

Tern Plc is a venture capital firm specializing in early-stage and 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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