Tantalus Systems (TSE:GRID) Shares Down 10.8% – Here’s What Happened

Tantalus Systems Holding Inc. (TSE:GRID)’s stock price fell 10.8% during mid-day trading on Thursday . The stock traded as low as C$4.34 and last traded at C$4.37. Approximately 355,170 shares changed hands during mid-day trading, an increase of 130% from the average session volume of 154,454 shares. The stock had previously closed at C$4.90.

Tantalus Systems Price Performance

The firm has a market capitalization of C$242.58 million, a PE ratio of -215.50 and a beta of 0.53. The firm’s fifty day moving average price is C$5.14 and its 200 day moving average price is C$5.23. The company has a current ratio of 1.60, a quick ratio of 0.51 and a debt-to-equity ratio of 37.88.

Tantalus Systems (TSE:GRID) last posted its earnings results on Wednesday, May 6th. The company reported C($0.01) earnings per share (EPS) for the quarter. The business had revenue of C$20.98 million for the quarter. Tantalus Systems had a negative net margin of 1.28% and a negative return on equity of 6.81%. As a group, equities analysts forecast that Tantalus Systems Holding Inc. will post 0.0135901 earnings per share for the current year.

Tantalus Systems Company Profile

Tantalus is a technology company dedicated to helping utilities modernize their distribution grids by harnessing the power of data across all their devices and systems deployed throughout the entire distribution grid. The Company offers a grid modernization platform across multiple levels: intelligent connected devices, communications networks, data management, enterprise applications and analytics. Our solutions provide utilities with the flexibility they need to get the most value from existing infrastructure investments while leveraging advanced capabilities to plan for future requirements.