Tantalus Systems (TSE:GRID) Trading 7.1% Higher – Here’s Why

Tantalus Systems Holding Inc. (TSE:GRID)’s share price rose 7.1% on Wednesday . The company traded as high as C$5.30 and last traded at C$5.25. 132,684 shares changed hands during trading, a decline of 17% from the average session volume of 159,182 shares. The stock had previously closed at C$4.90.

Wall Street Analysts Forecast Growth

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

Tantalus Systems Stock Up 7.1%

The company has a debt-to-equity ratio of 37.88, a current ratio of 1.60 and a quick ratio of 0.51. The stock has a market capitalization of C$295.48 million, a price-to-earnings ratio of -262.50 and a beta of 0.54. The firm’s fifty day moving average is C$5.66 and its 200-day moving average is C$5.25.

Tantalus Systems (TSE:GRID) last announced its quarterly earnings data on Wednesday, May 6th. The company reported C($0.01) earnings per share for the quarter. The company had revenue of C$20.98 million for the quarter. Tantalus Systems had a negative return on equity of 6.81% and a negative net margin of 1.28%. 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.