Tantalus Systems (TSE:GRID) Reaches New 12-Month High – Should You Buy?

Tantalus Systems Holding Inc. (TSE:GRID) hit a new 52-week high on Friday . The company traded as high as C$6.64 and last traded at C$6.37, with a volume of 300654 shares traded. The stock had previously closed at C$6.35.

Analyst Ratings Changes

Separately, National Bank Financial set a C$7.00 price target on shares of Tantalus Systems and gave the stock an “outperform” rating in a research report on Tuesday, March 17th. One equities research analyst has rated the stock with a Buy rating, According to data from MarketBeat, Tantalus Systems presently has a consensus rating of “Buy” and a consensus price target of C$7.00.

Tantalus Systems Stock Performance

The company has a quick ratio of 0.51, a current ratio of 1.12 and a debt-to-equity ratio of 113.10. The business’s fifty day moving average is C$5.02 and its 200 day moving average is C$4.76. The firm has a market capitalization of C$355.65 million, a price-to-earnings ratio of -317.50 and a beta of 0.41.

About Tantalus Systems

Tantalus is a technology company dedicated to helping utilities modernize their distribution grids by harnessing the power of data across all their devices and systems deployed throughout the entire distribution grid. The Company offers a grid modernization platform across multiple levels: intelligent connected devices, communications networks, data management, enterprise applications and analytics. Our solutions provide utilities with the flexibility they need to get the most value from existing infrastructure investments while leveraging advanced capabilities to plan for future requirements.