Tantalus Systems Holding Inc. (TSE:GRID – Get Free Report)’s stock price fell 6.5% during mid-day trading on Thursday . The stock traded as low as C$1.27 and last traded at C$1.30. 88,191 shares changed hands during mid-day trading, a decline of 21% from the average session volume of 111,442 shares. The stock had previously closed at C$1.39.
Analyst Upgrades and Downgrades
A number of equities research analysts have weighed in on the company. Haywood Securities lifted their target price on Tantalus Systems from C$2.50 to C$3.00 in a research report on Thursday, April 4th. Cormark upped their price objective on shares of Tantalus Systems from C$2.25 to C$2.50 in a research note on Friday, April 12th.
Tantalus Systems Trading Down 6.5 %
The stock has a market capitalization of C$67.81 million, a P/E ratio of -32.50 and a beta of 0.47. The stock’s 50 day moving average price is C$1.55 and its 200-day moving average price is C$1.34. The company has a quick ratio of 0.51, a current ratio of 0.77 and a debt-to-equity ratio of 1,437.76.
Insider Buying and Selling at Tantalus Systems
In related news, Director Thomas Craig Liston purchased 20,000 shares of Tantalus Systems stock in a transaction dated Tuesday, May 28th. The stock was purchased at an average cost of C$1.60 per share, with a total value of C$32,000.00. Insiders own 21.28% of the company’s stock.
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.