Tantalus Systems Holding Inc. (TSE:GRID – Get Free Report) shares shot up 7.1% during mid-day trading on Wednesday . The company traded as high as C$5.30 and last traded at C$5.25. Approximately 132,684 shares traded hands during trading, a decline of 17% from the average daily volume of 159,182 shares. The stock had previously closed at C$4.90.
Wall Street Analysts Forecast Growth
Separately, National Bank Financial set a C$7.00 price target on shares of Tantalus Systems and gave the stock an “outperform” rating in a research note on Tuesday, March 17th. One investment analyst has rated the stock with a Buy rating, According to MarketBeat.com, Tantalus Systems currently has an average rating of “Buy” and an average target price of C$7.00.
Read Our Latest Report on GRID
Tantalus Systems Price Performance
Tantalus Systems (TSE:GRID – Get Free Report) last posted its earnings results on Wednesday, May 6th. The company reported C($0.01) EPS for the quarter. Tantalus Systems had a negative net margin of 1.28% and a negative return on equity of 6.81%. The business had revenue of C$20.98 million for the quarter. On average, analysts predict that Tantalus Systems Holding Inc. will post 0.0135901 EPS for the current year.
About Tantalus Systems
Tantalus is a technology company dedicated to helping utilities modernize their distribution grids by harnessing the power of data across all their devices and systems deployed throughout the entire distribution grid. The Company offers a grid modernization platform across multiple levels: intelligent connected devices, communications networks, data management, enterprise applications and analytics. Our solutions provide utilities with the flexibility they need to get the most value from existing infrastructure investments while leveraging advanced capabilities to plan for future requirements.
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