Canaccord Genuity Group Lowers Tantalus Systems (TSE:GRID) Price Target to C$3.00

Tantalus Systems (TSE:GRID) had its target price dropped by stock analysts at Canaccord Genuity Group from C$3.25 to C$3.00 in a report released on Monday,BayStreet.CA reports. Canaccord Genuity Group’s target price points to a potential upside of 77.51% from the stock’s current price.

Tantalus Systems Stock Down 2.9 %

Shares of TSE GRID opened at C$1.69 on Monday. Tantalus Systems has a 52-week low of C$0.73 and a 52-week high of C$2.06. 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$85.94 million, a P/E ratio of -42.25 and a beta of 0.34. The firm has a 50 day moving average price of C$1.56 and a 200 day moving average price of C$1.52.

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.