Tantalus Systems (TSE:GRID) Posts Quarterly Earnings Results

Tantalus Systems (TSE:GRID) released its quarterly earnings data on Wednesday. The company reported C($0.01) earnings per share for the quarter, FiscalAI reports. The firm had revenue of C$20.98 million during the quarter. Tantalus Systems had a negative net margin of 1.82% and a negative return on equity of 14.82%.

Tantalus Systems Stock Up 1.8%

Shares of GRID stock traded up C$0.11 on Wednesday, hitting C$6.25. The stock had a trading volume of 159,219 shares, compared to its average volume of 170,011. The company has a quick ratio of 0.51, a current ratio of 1.12 and a debt-to-equity ratio of 113.10. The business has a 50 day moving average price of C$5.04 and a 200 day moving average price of C$4.79. The company has a market cap of C$350.05 million, a PE ratio of -312.50 and a beta of 0.43. Tantalus Systems has a one year low of C$2.07 and a one year high of C$6.64.

Analysts Set New Price Targets

Separately, National Bank Financial set a C$7.00 price objective on Tantalus Systems and gave the company an “outperform” rating in a report on Tuesday, March 17th. One equities research analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, Tantalus Systems has a consensus rating of “Buy” and an average target price of C$7.00.

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.