Tantalus Systems (TSE:GRID) Stock Price Down 5.6% – What’s Next?

Tantalus Systems Holding Inc. (TSE:GRID)’s stock price was down 5.6% during mid-day trading on Wednesday . The company traded as low as C$1.70 and last traded at C$1.70. Approximately 74,900 shares were traded during mid-day trading, an increase of 1% from the average daily volume of 73,836 shares. The stock had previously closed at C$1.80.

Analysts Set New Price Targets

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

Tantalus Systems Stock Performance

The company has a debt-to-equity ratio of 196.46, a quick ratio of 0.51 and a current ratio of 0.97. The stock has a market cap of C$91.53 million, a P/E ratio of -45.00 and a beta of 0.34. The firm’s 50 day moving average is C$1.64 and its 200 day moving average is C$1.53.

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.