Tern (LON:TERN) Share Price Crosses Below 200 Day Moving Average – Here’s Why

Tern Plc (LON:TERN) passed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 2.08 ($0.03) and traded as low as GBX 1.27 ($0.02). Tern shares last traded at GBX 1.43 ($0.02), with a volume of 5,180,264 shares trading hands.

Tern Stock Performance

The firm’s 50 day simple moving average is GBX 1.35 and its 200 day simple moving average is GBX 2.08. The firm has a market cap of £6.33 million, a PE ratio of -47.50 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.

Insider Activity at Tern

In other news, insider Iain Ross acquired 1,100,000 shares of Tern stock in a transaction on Thursday, October 31st. The shares were acquired at an average price of GBX 1 ($0.01) per share, with a total value of £11,000 ($14,319.19). 7.02% of the stock is owned by corporate insiders.

Tern Company Profile

Tern Plc is a venture capital firm specializing in early-stage and growth capital investment. The firm typically invests in the software companies having IoT security, Artificial Intelligence (“AI”), Machine Learning (“ML”), Virtual/Augmented Reality (“VR/AR”) and Data Science, enablement and analytics solutions for the healthcare and industrial sectors.