Tantalus Systems (TSE:GRID) Posts Earnings Results

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

Tantalus Systems Price Performance

Shares of GRID stock opened at C$6.15 on Friday. The company has a quick ratio of 0.51, a current ratio of 1.12 and a debt-to-equity ratio of 113.10. Tantalus Systems has a 12-month low of C$2.07 and a 12-month high of C$6.64. The firm has a fifty day moving average of C$5.10 and a 200-day moving average of C$4.83. The firm has a market capitalization of C$344.45 million, a price-to-earnings ratio of -307.50 and a beta of 0.43.

Analyst Ratings Changes

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

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.