Tantalus Systems (TSE:GRID) Reaches New 12-Month High – Time to Buy?

Shares of Tantalus Systems Holding Inc. (TSE:GRID) reached a new 52-week high during mid-day trading on Monday . The company traded as high as C$2.06 and last traded at C$1.95, with a volume of 77980 shares. The stock had previously closed at C$1.80.

Wall Street Analyst Weigh In

Separately, Canaccord Genuity Group decreased their price target on shares of Tantalus Systems from C$3.25 to C$3.00 in a research note on Monday, November 18th.

Tantalus Systems Stock Up 10.0 %

The stock’s 50 day simple moving average is C$1.64 and its two-hundred day simple moving average is C$1.53. The firm has a market cap of C$100.68 million, a P/E ratio of -49.50 and a beta of 0.34. The company has a debt-to-equity ratio of 196.46, a current ratio of 0.97 and a quick ratio of 0.51.

Tantalus Systems Company Profile

Tantalus Systems Holding Inc operates as a smart grid technology company in Canada and the United States. It operates through Connected Devices and Infrastructure, and Utility Software Applications and Services segments. The Connected Devices and Infrastructure segment sells computing modules used into multiple devices, including meters, sensors, and street lighting fixtures, as well as distributes automation equipment.