Tantalus Systems (TSE:GRID) Hits New 1-Year High at $1.69

Tantalus Systems Holding Inc. (TSE:GRID)’s stock price reached a new 52-week high during trading on Tuesday . The stock traded as high as C$1.69 and last traded at C$1.62, with a volume of 45338 shares trading hands. The stock had previously closed at C$1.39.

Analysts Set New Price Targets

Several equities analysts have recently commented on GRID shares. Cormark upped their target price on Tantalus Systems from C$1.85 to C$2.25 in a report on Thursday. Haywood Securities upped their target price on Tantalus Systems from C$2.00 to C$2.50 in a report on Tuesday, March 5th.

Tantalus Systems Price Performance

The stock has a market capitalization of C$78.50 million, a price-to-earnings ratio of -16.00 and a beta of 0.03. The company has a quick ratio of 0.51, a current ratio of 0.76 and a debt-to-equity ratio of 2,538.24. The business has a 50-day simple moving average of C$1.08 and a two-hundred day simple moving average of C$0.89.

About Tantalus Systems

Tantalus Systems Holding Inc operates as a smart grid technology company in North America and the Caribbean Basin. It operates through Connected Devices and Infrastructure, and Utility Software Applications and Services segments. The company provides industrial Internet-of-Things smart grid network, edge-computing endpoints, and a suite of enterprise software applications that are used across various departments within a utility and artificial-intelligence -enabled data analytics to help utilities and manage their grids.