Canaccord Genuity Group Issues Pessimistic Forecast for Tantalus Systems (TSE:GRID) Stock Price

Tantalus Systems (TSE:GRID) had its price objective trimmed by Canaccord Genuity Group from C$3.25 to C$3.00 in a report published on Monday morning,BayStreet.CA reports.

Tantalus Systems Stock Performance

GRID stock opened at C$1.73 on Monday. Tantalus Systems has a fifty-two week low of C$0.73 and a fifty-two week high of C$2.06. 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 company has a market capitalization of C$87.97 million, a P/E ratio of -42.00 and a beta of 0.34. The company has a 50-day simple moving average of C$1.56 and a 200 day simple moving average of C$1.52.

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.