Tantalus Systems (TSE:GRID) Trading Down 5.6% – Time to Sell?

Shares of Tantalus Systems Holding Inc. (TSE:GRID) were down 5.6% on Wednesday . The stock traded as low as C$1.70 and last traded at C$1.70. Approximately 74,900 shares changed hands during mid-day trading, an increase of 1% from the average daily volume of 73,836 shares. The stock had previously closed at C$1.80.

Analysts Set New Price Targets

Separately, Canaccord Genuity Group reduced their price objective on shares of Tantalus Systems from C$3.25 to C$3.00 in a research report on Monday, November 18th.

Tantalus Systems Stock Performance

The firm has a 50-day moving average price of C$1.64 and a two-hundred day moving average price of C$1.53. The company has a debt-to-equity ratio of 196.46, a current ratio of 0.97 and a quick ratio of 0.51. The firm has a market capitalization of C$91.53 million, a P/E ratio of -45.00 and a beta of 0.34.

About Tantalus Systems

Tantalus Systems Holding Inc operates as a smart grid technology company in Canada and the United States. It operates through Connected Devices and Infrastructure, and Utility Software Applications and Services segments. The Connected Devices and Infrastructure segment sells computing modules used into multiple devices, including meters, sensors, and street lighting fixtures, as well as distributes automation equipment.