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

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

Tern Stock Performance

The stock has a market capitalization of £6.29 million, a P/E ratio of -48.33 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 company’s fifty 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 bought 1,100,000 shares of the stock in a transaction dated Thursday, October 31st. The shares were bought at an average cost of GBX 1 ($0.01) per share, with a total value of £11,000 ($13,984.24). 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.