Tern (LON:TERN) Stock Price Crosses Below 200-Day Moving Average – Here’s What Happened

Tern Plc (LON:TERN) shares crossed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 1.41 ($0.02) and traded as low as GBX 1.15 ($0.01). Tern shares last traded at GBX 1.22 ($0.02), with a volume of 5,558,920 shares changing hands.

Tern Stock Performance

The business’s fifty day simple moving average is GBX 1.37 and its 200-day simple moving average is GBX 1.41. The firm has a market cap of £6.51 million, a P/E ratio of -0.41 and a beta of 0.89. The company has a current ratio of 0.33, a quick ratio of 0.75 and a debt-to-equity ratio of 1.89.

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.