Tantalus Systems (TSE:GRID) Shares Up 3.4% – Time to Buy?

Tantalus Systems Holding Inc. (TSE:GRID)’s share price was up 3.4% during mid-day trading on Thursday . The company traded as high as C$2.47 and last traded at C$2.44. Approximately 126,067 shares were traded during mid-day trading, an increase of 94% from the average daily volume of 65,146 shares. The stock had previously closed at C$2.36.

Wall Street Analyst Weigh In

Separately, Raymond James set a C$3.25 price target on shares of Tantalus Systems and gave the stock an “outperform” rating in a research report on Wednesday, March 26th.

Tantalus Systems Stock Performance

The stock has a 50 day simple moving average of C$1.95 and a 200 day simple moving average of C$1.87. The stock has a market cap of C$85.53 million, a P/E ratio of -64.90 and a beta of 0.34. The company has a current ratio of 0.96, a quick ratio of 0.51 and a debt-to-equity ratio of 203.30.

Tantalus Systems Company Profile

Tantalus is a smart grid technology company that transforms aging one-way grids into future-proofed multi-directional grids that improve the efficiency, reliability and sustainability of utilities and the communities they serve. Our solutions are purpose-built to allow utilities to restore power quickly after major disruptions, adapt to rapidly shifting consumer expectations and population shifts, innovate new solutions based on the adoption of distributed energy resources and evolve their grid infrastructure at their own pace without needless cost or complexity.