Tantalus Systems (TSE:GRID) Trading Up 4% – Here’s Why

Tantalus Systems Holding Inc. (TSE:GRID)’s stock price was up 4% during trading on Monday . The stock traded as high as C$5.33 and last traded at C$5.24. Approximately 107,465 shares traded hands during trading, a decline of 35% from the average daily volume of 166,277 shares. The stock had previously closed at C$5.04.

Wall Street Analyst Weigh In

Separately, National Bank Financial set a C$7.00 target price on Tantalus Systems and gave the stock an “outperform” rating in a report on Tuesday, March 17th. One investment analyst has rated the stock with a Buy rating, According to data from MarketBeat, the company presently has an average rating of “Buy” and a consensus price target of C$7.00.

Tantalus Systems Price Performance

The company has a market cap of C$294.92 million, a P/E ratio of -262.00 and a beta of 0.45. The company has a fifty day simple moving average of C$5.85 and a 200-day simple moving average of C$5.17. The company has a debt-to-equity ratio of 37.88, a current ratio of 1.60 and a quick ratio of 0.51.

Tantalus Systems (TSE:GRID) last posted its quarterly earnings results on Wednesday, May 6th. The company reported C($0.01) earnings per share (EPS) for the quarter. Tantalus Systems had a negative net margin of 1.28% and a negative return on equity of 6.81%. The company had revenue of C$20.98 million during the quarter. On average, sell-side analysts predict that Tantalus Systems Holding Inc. will post 0.0135901 earnings per share for the current year.

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.