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

Shares of Tantalus Systems Holding Inc. (TSE:GRID) traded down 10.8% during mid-day trading on Thursday . The company traded as low as C$4.34 and last traded at C$4.37. Approximately 355,170 shares changed hands during 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 Trading Up 1.6%

The stock has a market capitalization of C$243.14 million, a price-to-earnings ratio of -216.00 and a beta of 0.53. The company’s 50 day moving average is C$5.06 and its 200 day moving average is C$5.22. 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 posted its quarterly earnings results on Wednesday, May 6th. The company reported C($0.01) earnings per share (EPS) for the quarter. Tantalus Systems had a negative return on equity of 6.81% and a negative net margin of 1.28%.The company had revenue of C$20.98 million during the quarter. On average, research analysts forecast that Tantalus Systems Holding Inc. will post 0.0135901 EPS for the current fiscal 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.