Tantalus Systems (TSE:GRID) Hits New 1-Year High at $1.69

Tantalus Systems Holding Inc. (TSE:GRID)’s stock price hit a new 52-week high during mid-day trading on Tuesday . The company traded as high as C$1.69 and last traded at C$1.62, with a volume of 45338 shares traded. The stock had previously closed at C$1.39.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on GRID. Cormark boosted their price target on Tantalus Systems from C$1.85 to C$2.25 in a research note on Thursday. Haywood Securities increased their price objective on Tantalus Systems from C$2.00 to C$2.50 in a report on Tuesday, March 5th.

Tantalus Systems Stock Performance

The firm has a market cap of C$78.50 million, a P/E ratio of -16.00 and a beta of 0.03. The company has a current ratio of 0.76, a quick ratio of 0.51 and a debt-to-equity ratio of 2,538.24. The company’s 50-day moving average is C$1.08 and its two-hundred day moving average is C$0.89.

Tantalus Systems Company Profile

Tantalus Systems Holding Inc operates as a smart grid technology company in North America and the Caribbean Basin. It operates through Connected Devices and Infrastructure, and Utility Software Applications and Services segments. The company provides industrial Internet-of-Things smart grid network, edge-computing endpoints, and a suite of enterprise software applications that are used across various departments within a utility and artificial-intelligence -enabled data analytics to help utilities and manage their grids.