Tern (LON:TERN) Shares Down 8.1% – Should You Sell?

Tern Plc (LON:TERN)’s stock price dropped 8.1% during mid-day trading 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 were traded 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 Trading Down 11.6 %

The firm has a 50-day moving average of GBX 1.54 and a 200 day moving average of GBX 1.76. The company has a market cap of £5.97 million, a P/E ratio of -50.70 and a beta of 0.89. The company has a current ratio of 0.33, a quick ratio of 0.75 and a debt-to-equity ratio of 1.89.

Insider Buying and Selling 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 cost of GBX 1 ($0.01) per share, for a total transaction of £11,000 ($13,888.89). 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.