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Tantalus Systems (TSE:GRID) Hits New 52-Week High - Still a Buy?

Tantalus Systems logo with Industrials background

Tantalus Systems Holding Inc. (TSE:GRID - Get Free Report)'s share price reached a new 52-week high during mid-day trading on Tuesday . The stock traded as high as C$2.86 and last traded at C$2.84, with a volume of 201660 shares trading hands. The stock had previously closed at C$2.60.

Analyst Ratings Changes

Separately, Raymond James Financial set a C$3.25 price objective on shares of Tantalus Systems and gave the company an "outperform" rating in a report on Wednesday, March 26th.

Get Our Latest Report on GRID

Tantalus Systems Stock Down 3.5%

The firm's fifty day moving average price is C$2.40 and its 200-day moving average price is C$2.07. The company has a debt-to-equity ratio of 203.30, a current ratio of 0.96 and a quick ratio of 0.51. The firm has a market capitalization of C$104.81 million, a P/E ratio of -79.53 and a beta of 0.34.

About Tantalus Systems

(Get Free Report)

Tantalus is a smart grid technology company that transforms aging one-way grids into future-proofed multi-directional grids that improve the efficiency, reliability and sustainability of utilities and the communities they serve. Our solutions are purpose-built to allow utilities to restore power quickly after major disruptions, adapt to rapidly shifting consumer expectations and population shifts, innovate new solutions based on the adoption of distributed energy resources and evolve their grid infrastructure at their own pace without needless cost or complexity.

Further Reading

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