Tern (LON:TERN) Shares Up 7.7% – What’s Next?

Tern Plc (LON:TERN) shares shot up 7.7% during trading on Wednesday . The stock traded as high as GBX 1.68 ($0.02) and last traded at GBX 1.67 ($0.02). 321,189 shares were traded during mid-day trading, a decline of 95% from the average session volume of 5,916,026 shares. The stock had previously closed at GBX 1.55 ($0.02).

Tern Trading Up 12.3 %

The company has a market cap of £7.73 million, a price-to-earnings ratio of -58.00 and a beta of 0.89. The business has a fifty day simple moving average of GBX 1.53 and a 200 day simple moving average of GBX 1.59. The company has a quick ratio of 0.75, a current ratio of 0.33 and a debt-to-equity ratio of 1.89.

Insider Buying and Selling

In related news, insider Iain Ross bought 1,100,000 shares of the stock in a transaction dated Thursday, October 31st. The stock was acquired at an average price of GBX 1 ($0.01) per share, for a total transaction of £11,000 ($13,686.70). 7.02% of the stock is owned by company insiders.

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.