Tantalus Systems (TSE:GRID) Given a C$7.00 Price Target by National Bank Financial Analysts

Tantalus Systems (TSE:GRID) received a C$7.00 price objective from investment analysts at National Bank Financial in a report issued on Tuesday,BayStreet.CA reports. The firm presently has an “outperform” rating on the stock. National Bank Financial’s target price suggests a potential upside of 57.30% from the stock’s previous close.

Tantalus Systems Trading Up 6.0%

Shares of GRID traded up C$0.25 during mid-day trading on Tuesday, hitting C$4.45. The company had a trading volume of 451,924 shares, compared to its average volume of 142,031. Tantalus Systems has a 1-year low of C$1.75 and a 1-year high of C$5.84. The business’s 50-day simple moving average is C$4.99 and its 200-day simple moving average is C$4.31. The stock has a market cap of C$249.24 million, a PE ratio of -445.00 and a beta of 0.43. The company has a quick ratio of 0.51, a current ratio of 1.11 and a debt-to-equity ratio of 130.07.

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.