Tantalus Systems (TSE:GRID) PT Raised to C$2.50 at Cormark

Tantalus Systems (TSE:GRID) had its target price lifted by stock analysts at Cormark from C$2.25 to C$2.50 in a report issued on Friday, BayStreet.CA reports. Cormark’s price objective points to a potential upside of 32.28% from the stock’s previous close.

Separately, Haywood Securities lifted their price objective on Tantalus Systems from C$2.50 to C$3.00 in a report on Thursday, April 4th.

Tantalus Systems Trading Up 3.8 %

GRID traded up C$0.07 during midday trading on Friday, reaching C$1.89. 411,560 shares of the company were exchanged, compared to its average volume of 182,482. The company has a debt-to-equity ratio of 619.55, a quick ratio of 0.51 and a current ratio of 0.80. Tantalus Systems has a one year low of C$0.68 and a one year high of C$2.06. The stock has a market capitalization of C$84.29 million, a P/E ratio of -17.09 and a beta of 0.03. The stock’s 50-day simple moving average is C$1.29 and its 200 day simple moving average is C$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.