Tantalus Systems (TSE:GRID) Stock Falls 5% – What’s Next?

Tantalus Systems Holding Inc. (TSE:GRID)’s share price fell 5% on Tuesday. The stock traded as low as C$4.25 and last traded at C$4.38. 167,250 shares were traded during mid-day trading, an increase of 2% from the average daily volume of 164,313 shares. The stock had previously closed at C$4.61.

Tantalus Systems Price Performance

The company has a quick ratio of 0.51, a current ratio of 1.76 and a debt-to-equity ratio of 51.20. The company has a 50 day simple moving average of C$4.21 and a 200-day simple moving average of C$4.98. The stock has a market cap of C$235.27 million, a price-to-earnings ratio of -206.50 and a beta of 0.13.

Tantalus Systems (TSE:GRID) last issued its earnings results on Wednesday, August 5th. The company reported C($0.03) EPS for the quarter. Tantalus Systems had a negative return on equity of 5.42% and a negative net margin of 1.37%. The firm had revenue of C$21.91 million during the quarter. During the same period last year, the firm posted ($0.02) EPS. As a group, research analysts anticipate that Tantalus Systems Holding Inc. will post 0.01 EPS 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.