Tantalus Systems (TSE:GRID) Trading 3.4% Higher – Still a Buy?

Tantalus Systems Holding Inc. (TSE:GRID)’s share price rose 3.4% during mid-day trading on Thursday . The company traded as high as C$2.47 and last traded at C$2.44. Approximately 126,067 shares changed hands during trading, an increase of 94% from the average daily volume of 65,146 shares. The stock had previously closed at C$2.36.

Wall Street Analysts Forecast Growth

Separately, Raymond James set a C$3.25 target price on shares of Tantalus Systems and gave the company an “outperform” rating in a research note on Wednesday, March 26th.

Tantalus Systems Price Performance

The company has a quick ratio of 0.51, a current ratio of 0.96 and a debt-to-equity ratio of 203.30. The business has a fifty day moving average of C$1.95 and a 200 day moving average of C$1.87. The firm has a market cap of C$85.53 million, a P/E ratio of -64.90 and a beta of 0.34.

About Tantalus Systems

Tantalus is a smart grid technology company that transforms aging one-way grids into future-proofed multi-directional grids that improve the efficiency, reliability and sustainability of utilities and the communities they serve. Our solutions are purpose-built to allow utilities to restore power quickly after major disruptions, adapt to rapidly shifting consumer expectations and population shifts, innovate new solutions based on the adoption of distributed energy resources and evolve their grid infrastructure at their own pace without needless cost or complexity.