Cormark Increases Tantalus Systems (TSE:GRID) Price Target to C$2.50

Tantalus Systems (TSE:GRID - Get Free Report) had its price target upped by research analysts at Cormark from C$2.25 to C$2.50 in a research note issued to investors on Friday, BayStreet.CA reports. Cormark's target price would suggest a potential upside of 31.58% from the stock's current price.

Separately, Haywood Securities increased their price target on Tantalus Systems from C$2.50 to C$3.00 in a report on Thursday, April 4th.

Tantalus Systems Stock Up 4.4 %

GRID traded up C$0.08 during trading on Friday, hitting C$1.90. 415,960 shares of the company's stock traded hands, compared to its average volume of 182,650. The company's 50 day simple moving average is C$1.29 and its two-hundred day simple moving average is C$0.96. The stock has a market capitalization of C$84.74 million, a price-to-earnings ratio of -38.00 and a beta of 0.48. The company has a current ratio of 0.80, a quick ratio of 0.51 and a debt-to-equity ratio of 619.55. Tantalus Systems has a 12-month low of C$0.68 and a 12-month high of C$2.06.

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.