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

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

Tantalus Systems Stock Performance

Shares of GRID opened at C$1.69 on Monday. The company has a market cap of C$85.94 million, a PE ratio of -42.25 and a beta of 0.34. The firm has a 50-day moving average of C$1.56 and a 200-day moving average of C$1.52. Tantalus Systems has a one year low of C$0.73 and a one year high of C$2.06. The company has a debt-to-equity ratio of 196.46, a current ratio of 0.97 and a quick ratio of 0.51.

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.