Tern (LON:TERN) Stock Passes Below 200 Day Moving Average – Time to Sell?

Tern Plc (LON:TERNGet Free Report) shares passed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 2.15 ($0.03) and traded as low as GBX 1.22 ($0.02). Tern shares last traded at GBX 1.32 ($0.02), with a volume of 8,765,878 shares changing hands.

Tern Price Performance

The stock has a market capitalization of £6.44 million, a P/E ratio of -47.00 and a beta of 0.89. The company has a debt-to-equity ratio of 1.89, a quick ratio of 0.75 and a current ratio of 0.33. The business has a fifty day simple moving average of GBX 1.41 and a 200-day simple moving average of GBX 2.13.

Insider Buying and Selling

In related news, insider Iain Ross purchased 1,100,000 shares of the firm’s stock in a transaction on Thursday, October 31st. The stock was purchased at an average cost of GBX 1 ($0.01) per share, with a total value of £11,000 ($14,265.34). 7.02% of the stock is owned by insiders.

About Tern

(Get Free Report)

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.

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