The stock of Tern PLC (LON:TERN) hit a new 52-week low and has GBX 6.50 target or 7.00% below today’s GBX 6.99 share price. The 8 months bearish chart indicates high risk for the GBX 8.19M company. The 1-year low was reported on Nov, 29 by Barchart.com. If the GBX 6.50 price target is reached, the company will be worth GBX 573,300 less.
The 52-week low event is an important milestone for every stock because it shows very negative momentum and is time when sellers come in. During such technical setups, fundamental investors usually stay away and are careful buying the stock. The stock decreased 1.91% or GBX 0.14 on November 29, hitting GBX 6.99. About 1.12 million shares traded hands or 27.94% up from the average. Tern PLC (LON:TERN) has declined 40.63% since April 29, 2016 and is downtrending. It has underperformed by 45.88% the S&P500.
More news for Tern PLC (LON:TERN) were recently published by: Globenewswire.com, which released: “Tern Plc : Disposal” on November 03, 2016. Fool.Co.Uk‘s article titled: “Is Tern PLC Heading To Zero?” and published on September 08, 2015 is yet another important article.
Tern Plc is a United Kingdom-based investment company. The company has a market cap of 8.19 million GBP. The Firm invests in, and develops, private information technology companies in the cloud, Internet of Things and mobile sectors. It has a 1.12 P/E ratio. The Company’s investment portfolio consists of Cryptosoft Limited (Cryptosoft), Flexiant Corporation Limited (Flexiant), Push Technology Limited (Push) and Seal Software Group Limited (Seal).
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