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

Tantalus Systems Holding Inc. (TSE:GRID) crossed above its 50-day moving average during trading on Tuesday. The stock has a 50-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.

Tantalus Systems Trading Up 4.6%

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’s 50-day moving average is C$4.22 and its 200 day moving average is C$4.92. The company has a market cap of C$248.38 million, a price-to-earnings ratio of -218.00 and a beta of -0.18.

Tantalus Systems (TSE:GRID) last issued its quarterly earnings data on Wednesday, August 5th. The company reported C($0.03) earnings per share 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 in the prior year, the business posted ($0.02) EPS. Research analysts predict that Tantalus Systems Holding Inc. will post 0.01 EPS for the current 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.