Tantalus Systems (TSE:GRID) Sets New 12-Month High – What’s Next?

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

Analyst Ratings Changes

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

Tantalus Systems Trading 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 has a market cap of C$104.24 million, a price-to-earnings ratio of -51.25 and a beta of 0.34. The business has a 50 day moving average price of C$1.77 and a 200-day moving average price of C$1.57.

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.