Tern (LON:TERN) Stock Price Down 4.8% – Time to Sell?

Shares of Tern Plc (LON:TERN) were down 4.8% during mid-day trading on Monday . The stock traded as low as GBX 1.26 ($0.02) and last traded at GBX 1.26 ($0.02). Approximately 1,225,878 shares were traded during trading, an increase of 15% from the average daily volume of 1,068,574 shares. The stock had previously closed at GBX 1.32 ($0.02).

Tern Stock Performance

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 company has a market capitalization of £5.58 million, a PE ratio of -41.90 and a beta of 0.89. The stock has a 50-day simple moving average of GBX 1.52 and a 200 day simple moving average of GBX 1.66.

Insider Buying and Selling

In related news, insider Iain Ross purchased 1,100,000 shares of the company’s stock in a transaction 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 ($13,669.69). 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.