Tern (LON:TERN) Trading Up 14.3% – Should You Buy?

Tern Plc (LON:TERN) shares shot up 14.3% during mid-day trading on Friday . The company traded as high as GBX 1.60 ($0.02) and last traded at GBX 1.60 ($0.02). 17,069,268 shares were traded during mid-day trading, an increase of 312% from the average session volume of 4,140,919 shares. The stock had previously closed at GBX 1.40 ($0.02).

Tern Price Performance

The company has a market capitalization of £6.75 million, a PE ratio of -50.67 and a beta of 0.89. The company’s 50 day simple moving average is GBX 1.52 and its 200 day simple moving average is GBX 1.61. 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

In other Tern news, insider Iain Ross purchased 1,100,000 shares of the 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 ($13,383.62). 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.