Tern (LON:TERN) Shares Down 41.5% – What’s Next?

Tern Plc (LON:TERN)’s share price was down 41.5% during trading on Tuesday . The company traded as low as GBX 1.21 ($0.02) and last traded at GBX 1.29 ($0.02). Approximately 5,970,074 shares changed hands during mid-day trading, an increase of 218% from the average daily volume of 1,874,527 shares. The stock had previously closed at GBX 2.21 ($0.03).

Tern Trading Down 2.5 %

The firm’s 50 day simple moving average is GBX 1.53 and its two-hundred day simple moving average is GBX 2.25. The company has a quick ratio of 0.75, a current ratio of 0.33 and a debt-to-equity ratio of 1.89. The stock has a market cap of £5.63 million, a P/E ratio of -43.33 and a beta of 0.89.

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.