Tantalus Systems (TSE:GRID) Sets New 12-Month High – Here’s What Happened

Tantalus Systems Holding Inc. (TSE:GRID)’s share price hit a new 52-week high during mid-day trading on Wednesday . The company traded as high as C$2.25 and last traded at C$2.15, with a volume of 114004 shares traded. The stock had previously closed at C$2.06.

Analyst Ratings Changes

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

Tantalus Systems Stock Performance

The firm’s 50-day moving average price is C$1.88 and its two-hundred day moving average price is C$1.63. The company has a quick ratio of 0.51, a current ratio of 0.97 and a debt-to-equity ratio of 196.46. The firm has a market capitalization of C$104.24 million, a PE ratio of -51.25 and a beta of 0.34.

About Tantalus Systems

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.