Tern (LON:TERN) Stock Price Passes Above 50-Day Moving Average – Here’s Why

Shares of Tern Plc (LON:TERNGet Free Report) passed above its 50-day moving average during trading on Monday . The stock has a 50-day moving average of GBX 1.36 ($0.02) and traded as high as GBX 1.95 ($0.02). Tern shares last traded at GBX 1.90 ($0.02), with a volume of 2,911,542 shares.

Tern Stock Performance

The company has a quick ratio of 0.75, a current ratio of 0.33 and a debt-to-equity ratio of 1.89. The firm has a market cap of £8.44 million, a P/E ratio of -63.33 and a beta of 0.89. The business has a fifty day simple moving average of GBX 1.36 and a 200-day simple moving average of GBX 2.03.

Insider Buying and Selling

In related news, insider Iain Ross acquired 1,100,000 shares of Tern stock in a transaction that occurred on Thursday, October 31st. The stock was bought at an average price of GBX 1 ($0.01) per share, with a total value of £11,000 ($13,943.47). 7.02% of the stock is owned by company insiders.

Tern Company Profile

(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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