Tantalus Systems (TSE:GRID) Trading Up 8.9% – Time to Buy?

Shares of Tantalus Systems Holding Inc. (TSE:GRID) traded up 8.9% during trading on Monday . The company traded as high as C$4.93 and last traded at C$4.90. 273,225 shares changed hands during mid-day trading, an increase of 91% from the average session volume of 143,100 shares. The stock had previously closed at C$4.50.

Wall Street Analyst Weigh In

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

Tantalus Systems Stock Up 10.9%

The firm’s fifty day simple moving average is C$4.86 and its two-hundred day simple moving average is C$4.45. The company has a current ratio of 1.12, a quick ratio of 0.51 and a debt-to-equity ratio of 113.10. The company has a market capitalization of C$279.48 million, a price-to-earnings ratio of -249.50 and a beta of 0.41.

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.