Tantalus Systems (TSE:GRID) Trading Down 5.6% – Should You Sell?

Tantalus Systems Holding Inc. (TSE:GRIDGet Free Report) fell 5.6% during trading on Wednesday . The stock traded as low as C$1.70 and last traded at C$1.70. Approximately 74,900 shares traded hands 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.

Analyst Upgrades and Downgrades

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

Read Our Latest Stock Analysis on GRID

Tantalus Systems Stock Performance

The firm has a market capitalization of C$86.45 million, a price-to-earnings ratio of -42.50 and a beta of 0.34. The company has a debt-to-equity ratio of 196.46, a current ratio of 0.97 and a quick ratio of 0.51. The firm has a 50 day moving average price of C$1.63 and a 200-day moving average price of C$1.53.

About Tantalus Systems

(Get Free Report)

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.

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