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

Shares of Tern Plc (LON:TERN) crossed 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 changing hands.

Tern Stock Up 7.5 %

The company’s 50-day simple moving average is GBX 1.35 and its two-hundred day simple moving average is GBX 2.08. The firm has a market capitalization of £6.33 million, a P/E ratio of -47.50 and a beta of 0.89. 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 Transactions at Tern

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

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.