Tantalus Systems (TSE:GRID) Trading Up 4.1% – Should You Buy?

Tantalus Systems Holding Inc. (TSE:GRID)’s share price shot up 4.1% on Friday . The company traded as high as C$6.15 and last traded at C$6.04. 469,229 shares were traded during trading, an increase of 168% from the average session volume of 175,135 shares. The stock had previously closed at C$5.80.

Analysts Set New Price Targets

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

Tantalus Systems Trading Up 4.1%

The company has a market cap of C$339.94 million, a PE ratio of -302.00 and a beta of 0.43. The business has a 50 day simple moving average of C$5.39 and a two-hundred day simple moving average of C$4.96. The company has a current ratio of 1.60, a quick ratio of 0.51 and a debt-to-equity ratio of 37.88.

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

About Tantalus Systems

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.