Tern (LON:TERN) Shares Down 4.8% – Should You Sell?

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

Tern Stock Down 4.8 %

The firm has a market cap of £5.58 million, a price-to-earnings ratio of -41.90 and a beta of 0.89. The firm’s 50 day moving average price is GBX 1.52 and its two-hundred day moving average price is GBX 1.66. The company has a debt-to-equity ratio of 1.89, a current ratio of 0.33 and a quick ratio of 0.75.

Insider Buying and Selling at Tern

In other news, insider Iain Ross acquired 1,100,000 shares of the business’s stock in a transaction on Thursday, October 31st. The stock was bought at an average price of GBX 1 ($0.01) per share, for a total transaction of £11,000 ($13,669.69). Company 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.