TeraGo (TSE:TGO) Stock Price Crosses Above 200-Day Moving Average – Here’s What Happened

TeraGo Inc. (TSE:TGO) shares crossed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of C$0.94 and traded as high as C$1.31. TeraGo shares last traded at C$1.27, with a volume of 11,600 shares traded.

Analyst Upgrades and Downgrades

Separately, ATB Cormark Capital Markets increased their price objective on shares of TeraGo from C$0.80 to C$1.25 and gave the company a “sector perform” rating in a report on Thursday, June 18th. One equities research analyst has rated the stock with a Hold rating, According to MarketBeat.com, TeraGo presently has a consensus rating of “Hold” and a consensus price target of C$1.25.

TeraGo Price Performance

The stock has a 50 day simple moving average of C$1.15 and a two-hundred day simple moving average of C$0.94. The company has a market cap of C$49.58 million, a price-to-earnings ratio of -3.43, a price-to-earnings-growth ratio of -1.00 and a beta of 0.24. The company has a debt-to-equity ratio of 2,100.38, a current ratio of 1.26 and a quick ratio of 0.60.

TeraGo (TSE:TGO) last issued its earnings results on Tuesday, May 12th. The company reported C($0.08) earnings per share (EPS) for the quarter. TeraGo had a negative net margin of 65.17% and a negative return on equity of 4,295.54%. The company had revenue of C$6.17 million during the quarter. On average, equities research analysts predict that TeraGo Inc. will post -0.49 earnings per share for the current fiscal year.

Insider Buying and Selling at TeraGo

In other news, Director Martin Pinnes acquired 65,000 shares of the company’s stock in a transaction that occurred on Wednesday, May 20th. The stock was purchased at an average price of C$1.36 per share, with a total value of C$88,400.00. Following the completion of the acquisition, the director owned 299,574 shares of the company’s stock, valued at C$407,420.64. This trade represents a 27.71% increase in their position. Over the last 90 days, insiders have bought 74,500 shares of company stock worth $101,855. Insiders own 1.30% of the company’s stock.

About TeraGo

TERAGO provides managed network and security services to businesses across Canada ensuring highly secure, reliable, and redundant connectivity including private 5G wireless networks, Fixed Wireless access, fiber, and cable wireline network connectivity. As Canada’s biggest mmWave spectrum holders, the Company possesses spectrum licenses in the 24 GHz and 38 GHz spectrum bands, which it utilizes to provide secure, dedicated SLA guaranteed enterprise grade performance that is technology diverse from buried cables ensuring high availability connectivity services.