Tern (LON:TERN) Stock Price Up 7.6% – Should You Buy?

Shares of Tern Plc (LON:TERN) shot up 7.6% during mid-day trading on Thursday . The stock 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 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 Stock Up 7.6 %

The company has a market cap of £7.88 million, a price-to-earnings ratio of -59.17 and a beta of 0.89. 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 50-day moving average price of GBX 1.53 and a 200 day moving average price of GBX 1.60.

Insider Buying and Selling at Tern

In other Tern news, insider Iain Ross acquired 1,100,000 shares of the business’s stock in a transaction on Thursday, October 31st. The stock was purchased at an average price of GBX 1 ($0.01) per share, with a total value of £11,000 ($13,541.79). Insiders own 7.02% of the company’s stock.

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.