Tantalus Systems (TSE:GRID) Trading Up 4% – Should You Buy?

Tantalus Systems Holding Inc. (TSE:GRID)’s share price was up 4% during mid-day trading on Monday . The stock traded as high as C$5.33 and last traded at C$5.24. Approximately 107,465 shares changed hands during trading, a decline of 35% from the average daily volume of 166,277 shares. The stock had previously closed at C$5.04.

Analyst Ratings Changes

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 research report on Tuesday, March 17th. One investment analyst has rated the stock with a Buy rating, According to data from MarketBeat.com, the company presently has an average rating of “Buy” and a consensus target price of C$7.00.

Tantalus Systems Price Performance

The company’s 50 day moving average is C$5.86 and its 200 day moving average is C$5.18. The company has a current ratio of 1.60, a quick ratio of 0.51 and a debt-to-equity ratio of 37.88. The stock has a market capitalization of C$288.73 million, a price-to-earnings ratio of -256.50 and a beta of 0.45.

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

About Tantalus Systems

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.