Tantalus Systems (TSE:GRID) Stock Crosses Above 50-Day Moving Average – Here’s What Happened

Tantalus Systems Holding Inc. (TSE:GRID) crossed above its fifty day moving average during trading on Tuesday. The stock has a fifty day moving average of C$4.22 and traded as high as C$4.39. Tantalus Systems shares last traded at C$4.36, with a volume of 25,856 shares changing hands.

Tantalus Systems Stock Performance

The company has a debt-to-equity ratio of 51.20, a current ratio of 1.76 and a quick ratio of 0.51. The company has a market capitalization of C$248.38 million, a PE ratio of -218.00 and a beta of -0.18. The firm’s fifty day simple moving average is C$4.22 and its 200 day simple moving average is C$4.92.

Tantalus Systems (TSE:GRID) last released its quarterly earnings data on Wednesday, August 5th. The company reported C($0.03) earnings per share for the quarter. The company had revenue of C$21.91 million for the quarter. Tantalus Systems had a negative net margin of 1.37% and a negative return on equity of 5.42%. During the same period in the prior year, the firm earned ($0.02) EPS. On average, research analysts predict that Tantalus Systems Holding Inc. will post 0.01 EPS for the current 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.