Tantalus Systems (TSE:GRID) Sets New 12-Month High - Time to Buy?

Key Points

• Tantalus Systems (TSE:GRID) reached a new 52-week high, trading as high as C$6.64 on Friday and last at C$6.37 with about 300,654 shares changing hands.
• Analyst sentiment is positive: National Bank Financial set a C$7.00 price target and an “outperform” rating, and the stock carries a consensus Buy rating with a C$7.00 consensus target.
• Underlying fundamentals show risks: market cap ~C$355.65M, a negative PE (-317.50), high debt-to-equity (113.10) and weak liquidity (quick ratio 0.51), indicating growth potential but elevated leverage and profitability concerns.

Shares of Tantalus Systems Holding Inc. (TSE:GRID - Get Free Report) reached a new 52-week high on Friday . The company traded as high as C$6.64 and last traded at C$6.37, with a volume of 300654 shares trading hands. The stock had previously closed at C$6.35.

Analysts Set New Price Targets

Separately, National Bank Financial set a C$7.00 price objective on shares of Tantalus Systems and gave the company an "outperform" rating in a research report on Tuesday, March 17th. One research analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, Tantalus Systems currently has an average rating of "Buy" and a consensus price target of C$7.00.

Tantalus Systems Price Performance

The stock has a market capitalization of C$355.65 million, a PE ratio of -317.50 and a beta of 0.41. The company has a quick ratio of 0.51, a current ratio of 1.12 and a debt-to-equity ratio of 113.10. The stock's 50 day moving average price is C$5.02 and its 200-day moving average price is C$4.76.

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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