Tantalus Systems (TSE:GRID) Stock Price Up 4.1% – Should You Buy?

Shares of Tantalus Systems Holding Inc. (TSE:GRID) rose 4.1% during trading on Friday . The company traded as high as C$6.15 and last traded at C$6.04. Approximately 469,229 shares were traded during trading, an increase of 168% from the average daily volume of 175,135 shares. The stock had previously closed at C$5.80.

Analysts Set New Price Targets

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

Tantalus Systems Stock Performance

The company has a market cap of C$339.94 million, a PE ratio of -302.00 and a beta of 0.43. 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 firm’s 50 day moving average is C$5.39 and its 200-day moving average is C$4.96.

Tantalus Systems (TSE:GRID) last announced its quarterly earnings data on Wednesday, May 6th. The company reported C($0.01) earnings per share (EPS) for the quarter. Tantalus Systems had a negative net margin of 1.28% and a negative return on equity of 6.81%. The business had revenue of C$20.98 million for the quarter. On average, research analysts anticipate that Tantalus Systems Holding Inc. will post 0.0135901 earnings per share for the current fiscal year.

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.