Tantalus Systems (TSE:GRID) Shares Down 1.7% – Should You Sell?

Shares of Tantalus Systems Holding Inc. (TSE:GRID) were down 1.7% on Friday . The company traded as low as C$2.30 and last traded at C$2.35. Approximately 12,901 shares traded hands during trading, a decline of 79% from the average daily volume of 62,076 shares. The stock had previously closed at C$2.39.

Analysts Set New Price Targets

Separately, Raymond James set a C$3.25 price target on shares of Tantalus Systems and gave the stock an “outperform” rating in a research report on Wednesday, March 26th.

Tantalus Systems Price Performance

The company has a quick ratio of 0.51, a current ratio of 0.96 and a debt-to-equity ratio of 203.30. The company has a market capitalization of C$82.38 million, a P/E ratio of -62.51 and a beta of 0.34. The business has a 50 day simple moving average of C$2.11 and a 200-day simple moving average of C$1.95.

Tantalus Systems Company Profile

Tantalus is a smart grid technology company that transforms aging one-way grids into future-proofed multi-directional grids that improve the efficiency, reliability and sustainability of utilities and the communities they serve. Our solutions are purpose-built to allow utilities to restore power quickly after major disruptions, adapt to rapidly shifting consumer expectations and population shifts, innovate new solutions based on the adoption of distributed energy resources and evolve their grid infrastructure at their own pace without needless cost or complexity.