Tern (LON:TERN) Shares Down 8.1% – What’s Next?

Tern Plc (LON:TERN)’s share price dropped 8.1% on Monday . The company traded as low as GBX 1.30 ($0.02) and last traded at GBX 1.40 ($0.02). Approximately 2,819,745 shares traded hands during mid-day trading, an increase of 20% from the average daily volume of 2,352,600 shares. The stock had previously closed at GBX 1.52 ($0.02).

Tern Price 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 stock has a market cap of £6.29 million, a price-to-earnings ratio of -48.33 and a beta of 0.89. The business’s 50-day simple moving average is GBX 1.54 and its two-hundred day simple moving average is GBX 1.76.

Insider Buying and Selling at Tern

In other Tern news, insider Iain Ross purchased 1,100,000 shares of the business’s stock in a transaction dated Thursday, October 31st. The shares were bought at an average price of GBX 1 ($0.01) per share, for a total transaction of £11,000 ($13,984.24). Company insiders own 7.02% of the company’s stock.

About Tern

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.