Tantalus Systems (TSE:GRID) Reaches New 12-Month High – Still a Buy?

Tantalus Systems Holding Inc. (TSE:GRID) hit a new 52-week high on Monday . The stock traded as high as C$2.13 and last traded at C$2.10, with a volume of 118328 shares traded. The stock had previously closed at C$1.90.

Analyst Upgrades and Downgrades

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

Tantalus Systems Stock Up 7.9 %

The company has a quick ratio of 0.51, a current ratio of 0.97 and a debt-to-equity ratio of 196.46. The firm’s 50 day simple moving average is C$1.77 and its 200 day simple moving average is C$1.57. The company has a market cap of C$104.24 million, a price-to-earnings ratio of -51.25 and a beta of 0.34.

Tantalus Systems Company Profile

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.