Tantalus Systems (TSE:GRID) Trading 1% Higher - Still a Buy?

Tantalus Systems Holding Inc. (TSE:GRID - Get Free Report)'s stock price was up 1% on Thursday . The stock traded as high as C$2.02 and last traded at C$2.00. Approximately 9,550 shares changed hands during mid-day trading, a decline of 84% from the average daily volume of 60,429 shares. The stock had previously closed at C$1.98.

Wall Street Analysts Forecast Growth

Separately, Canaccord Genuity Group cut their price objective on shares of Tantalus Systems from C$3.25 to C$3.00 in a report on Monday, November 18th.

Tantalus Systems Stock Down 3.0 %

The company has a market capitalization of C$68.00 million, a PE ratio of -51.60 and a beta of 0.34. The firm's 50-day simple moving average is C$1.96 and its 200 day simple moving average is C$1.70. The company has a debt-to-equity ratio of 203.30, a quick ratio of 0.51 and a current ratio of 0.96.

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.