Tantalus Systems (TSE:GRID) Director Acquires C$17,720.00 in Stock

Tantalus Systems Holding Inc. (TSE:GRID) Director Thomas Craig Liston acquired 4,000 shares of the business’s stock in a transaction on Monday, March 30th. The shares were purchased at an average price of C$4.43 per share, for a total transaction of C$17,720.00. Following the purchase, the director directly owned 235,946 shares of the company’s stock, valued at C$1,045,240.78. This represents a 1.72% increase in their ownership of the stock.

Tantalus Systems Price Performance

Shares of GRID opened at C$4.50 on Friday. The firm has a market cap of C$252.04 million, a price-to-earnings ratio of -225.00 and a beta of 0.43. The stock has a 50 day moving average of C$4.88 and a 200-day moving average of C$4.43. The company has a current ratio of 1.12, a quick ratio of 0.51 and a debt-to-equity ratio of 113.10. Tantalus Systems Holding Inc. has a 52 week low of C$1.75 and a 52 week high of C$5.84.

Wall Street Analysts Forecast Growth

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

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.