Tantalus Systems (TSE:GRID) Shares Up 2% – Here’s Why

Tantalus Systems Holding Inc. (TSE:GRID) shares shot up 2% during trading on Thursday . The stock traded as high as C$4.85 and last traded at C$4.67. 101,707 shares changed hands during mid-day trading, a decline of 34% from the average session volume of 153,689 shares. The stock had previously closed at C$4.58.

Tantalus Systems Price Performance

The stock has a market cap of C$261.71 million, a P/E ratio of -232.50 and a beta of 0.54. The firm has a 50-day moving average price of C$5.22 and a 200-day moving average price of C$5.23. The company has a debt-to-equity ratio of 37.88, a quick ratio of 0.51 and a current ratio of 1.60.

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

About Tantalus Systems

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.