Tantalus Systems (TSE:GRID) Trading Up 8.9% – Time to Buy?

Tantalus Systems Holding Inc. (TSE:GRID)’s share price was up 8.9% during mid-day trading on Monday . The company traded as high as C$4.93 and last traded at C$4.90. Approximately 273,225 shares traded hands during trading, an increase of 91% from the average daily volume of 143,100 shares. The stock had previously closed at C$4.50.

Analyst Ratings Changes

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

Tantalus Systems Stock Performance

The company has a market cap of C$282.84 million, a P/E ratio of -252.50 and a beta of 0.41. The business’s 50 day simple moving average is C$4.84 and its 200 day simple moving average is C$4.48. The company has a current ratio of 1.12, a quick ratio of 0.51 and a debt-to-equity ratio of 113.10.

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.