Tantalus Systems (TSE:GRID) Sets New 1-Year High – Time to Buy?

Tantalus Systems Holding Inc. (TSE:GRID) reached a new 52-week high during mid-day trading on Monday . The stock traded as high as C$2.13 and last traded at C$2.10, with a volume of 118328 shares. The stock had previously closed at C$1.90.

Wall Street Analyst Weigh In

Separately, Canaccord Genuity Group decreased their price objective on Tantalus Systems from C$3.25 to C$3.00 in a report on Monday, November 18th.

Tantalus Systems Price Performance

The firm has a market cap of C$101.19 million, a PE ratio of -49.75 and a beta of 0.34. The company has a quick ratio of 0.51, a current ratio of 0.97 and a debt-to-equity ratio of 196.46. The stock has a 50 day moving average price of C$1.79 and a two-hundred day moving average price of C$1.58.

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.