Tern (LON:TERN) Shares Up 7.6% – What’s Next?

Tern Plc (LON:TERN)’s stock price shot up 7.6% during mid-day trading on Thursday . The company traded as high as GBX 1.78 ($0.02) and last traded at GBX 1.78 ($0.02). 2,470,514 shares traded hands during mid-day trading, a decline of 59% from the average session volume of 6,024,289 shares. The stock had previously closed at GBX 1.65 ($0.02).

Tern Trading Up 7.6 %

The business has a 50-day moving average of GBX 1.53 and a 200-day moving average of GBX 1.60. The company has a debt-to-equity ratio of 1.89, a current ratio of 0.33 and a quick ratio of 0.75. The firm has a market cap of £7.88 million, a price-to-earnings ratio of -59.17 and a beta of 0.89.

Insiders Place Their Bets

In other news, insider Iain Ross acquired 1,100,000 shares of the 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 ($13,541.79). Insiders own 7.02% of the company’s stock.

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.