Tantalus Systems (TSE:GRID) Reaches New 52-Week High – Still a Buy?

Tantalus Systems Holding Inc. (TSE:GRID) hit a new 52-week high on Wednesday . The stock traded as high as C$2.25 and last traded at C$2.15, with a volume of 114004 shares. The stock had previously closed at C$2.06.

Wall Street Analysts Forecast Growth

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 Trading Up 9.2 %

The company has a current ratio of 0.97, a quick ratio of 0.51 and a debt-to-equity ratio of 196.46. The firm has a market cap of C$114.41 million, a PE ratio of -56.25 and a beta of 0.34. The business has a fifty day moving average price of C$1.86 and a 200 day moving average price of C$1.61.

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.