Tantalus Systems (TSE:GRID) Sets New 12-Month High - Should You Buy?

Key Points

• Tantalus Systems shares hit a new 52-week high, trading as high as C$5.85 and last at C$5.69 on volume of 347,525 shares.
• Analysts are bullish: National Bank Financial gave an outperform rating with a C$7.00 price target, and the consensus rating is "Buy" with an average target of C$7.00.
• Fundamentals point to risk—market cap C$322.6M, a negative P/E (-288), high debt-to-equity (113.10) and weak liquidity (quick ratio 0.51 and current ratio 1.12) despite the share rally.

Tantalus Systems Holding Inc. (TSE:GRID - Get Free Report) shares reached a new 52-week high on Friday . The company traded as high as C$5.85 and last traded at C$5.69, with a volume of 347525 shares trading hands. The stock had previously closed at C$5.25.

Analysts Set New Price Targets

Separately, National Bank Financial set a C$7.00 price target on shares of Tantalus Systems and gave the company an "outperform" rating in a report on Tuesday, March 17th. One equities research 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 price target of C$7.00.

Tantalus Systems Stock Performance

The stock's fifty day moving average is C$4.83 and its two-hundred day moving average is C$4.49. The firm has a market capitalization of C$322.61 million, a price-to-earnings ratio of -288.00 and a beta of 0.41. The company has a debt-to-equity ratio of 113.10, a quick ratio of 0.51 and a current ratio of 1.12.

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.

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