Tantalus Systems (TSE:GRID) Trading Up 4% – Here’s Why

Tantalus Systems Holding Inc. (TSE:GRID)’s stock price shot up 4% during mid-day trading on Monday . The stock traded as high as C$5.33 and last traded at C$5.24. 107,465 shares traded hands during trading, a decline of 35% from the average session volume of 166,277 shares. The stock had previously closed at C$5.04.

Wall Street Analysts Forecast Growth

Separately, National Bank Financial set a C$7.00 target price on shares of Tantalus Systems and gave the company an “outperform” rating in a research note on Tuesday, March 17th. One research analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, the stock currently has an average rating of “Buy” and a consensus price target of C$7.00.

Tantalus Systems Stock Performance

The firm’s 50 day simple moving average is C$5.85 and its 200-day simple moving average is C$5.17. The company has a debt-to-equity ratio of 37.88, a quick ratio of 0.51 and a current ratio of 1.60. The company has a market capitalization of C$294.92 million, a price-to-earnings ratio of -262.00 and a beta of 0.45.

Tantalus Systems (TSE:GRID) last posted its quarterly earnings results on Wednesday, May 6th. The company reported C($0.01) earnings per share for the quarter. Tantalus Systems had a negative return on equity of 6.81% and a negative net margin of 1.28%.The company had revenue of C$20.98 million during the quarter. Analysts expect that Tantalus Systems Holding Inc. will post 0.0135901 EPS for the current year.

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.