Tantalus Systems (TSE:GRID) Trading Up 8.9% – What’s Next?

Tantalus Systems Holding Inc. (TSE:GRID) shares traded up 8.9% during mid-day trading on Monday . The stock traded as high as C$4.93 and last traded at C$4.90. 273,225 shares changed hands during mid-day trading, an increase of 91% from the average session volume of 143,100 shares. The stock had previously closed at C$4.50.

Analysts Set New Price Targets

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

Tantalus Systems Trading Up 10.9%

The firm has a market cap of C$279.48 million, a price-to-earnings ratio of -249.50 and a beta of 0.41. The company’s 50-day moving average price is C$4.86 and its 200-day moving average price is C$4.45. The company has a quick ratio of 0.51, a current ratio of 1.12 and a debt-to-equity ratio of 113.10.

Tantalus Systems Company Profile

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.