Tantalus Systems (TSE:GRID) PT Set at C$3.25 by Raymond James

Tantalus Systems (TSE:GRID) has been given a C$3.25 price target by stock analysts at Raymond James in a note issued to investors on Wednesday,BayStreet.CA reports. The brokerage presently has an “outperform” rating on the stock. Raymond James’ price objective points to a potential upside of 65.82% from the company’s previous close.

Tantalus Systems Stock Up 4.3 %

Shares of TSE:GRID traded up C$0.08 during midday trading on Wednesday, hitting C$1.96. The stock had a trading volume of 30,085 shares, compared to its average volume of 45,558. The company has a quick ratio of 0.51, a current ratio of 0.96 and a debt-to-equity ratio of 203.30. The business’s 50-day simple moving average is C$1.89 and its 200-day simple moving average is C$1.76. Tantalus Systems has a 12 month low of C$1.20 and a 12 month high of C$2.37. The company has a market cap of C$68.70 million, a P/E ratio of -52.13 and a beta of 0.34.

About Tantalus Systems

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.