Tantalus Systems (TSE:GRID) Price Target Cut to C$3.00 by Analysts at Canaccord Genuity Group

Tantalus Systems (TSE:GRID) had its price objective reduced by analysts at Canaccord Genuity Group from C$3.25 to C$3.00 in a note issued to investors on Monday,BayStreet.CA reports. Canaccord Genuity Group’s price objective would indicate a potential upside of 73.41% from the company’s current price.

Tantalus Systems Stock Performance

TSE GRID remained flat at C$1.73 during mid-day trading on Monday. The company’s stock had a trading volume of 14,680 shares, compared to its average volume of 77,971. Tantalus Systems has a 12-month low of C$0.73 and a 12-month high of C$2.06. The firm’s fifty day simple moving average is C$1.56 and its two-hundred day simple moving average is C$1.52. The company has a current ratio of 0.97, a quick ratio of 0.51 and a debt-to-equity ratio of 196.46. The stock has a market capitalization of C$87.97 million, a P/E ratio of -43.25 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.