Tantalus Systems (TSE:GRID) Trading Up 5.4%

Tantalus Systems Holding Inc. (TSE:GRID) was up 5.4% during mid-day trading on Friday . The stock traded as high as C$1.80 and last traded at C$1.76. Approximately 21,721 shares traded hands during mid-day trading, a decline of 86% from the average daily volume of 152,447 shares. The stock had previously closed at C$1.67.

Analysts Set New Price Targets

A number of brokerages recently issued reports on GRID. Haywood Securities raised their target price on Tantalus Systems from C$2.50 to C$3.00 in a research note on Thursday, April 4th. Cormark raised their price objective on Tantalus Systems from C$2.25 to C$2.50 in a research note on Friday, April 12th.

Tantalus Systems Stock Up 5.4 %

The company has a current ratio of 0.80, a quick ratio of 0.51 and a debt-to-equity ratio of 619.55. The business’s 50-day simple moving average is C$1.58 and its 200-day simple moving average is C$1.08. The company has a market capitalization of C$78.50 million, a PE ratio of -35.20 and a beta of 0.48.

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.