Tantalus Systems Holding Inc. (TSE:GRID) Stock Catapults 26% Though Its Price And Business Still Lag The Industry
Tantalus Systems Holding Inc. (TSE:GRID) shareholders would be excited to see that the share price has had a great month, posting a 26% gain and recovering from prior weakness. The last month tops off a massive increase of 125% in the last year.
Although its price has surged higher, Tantalus Systems Holding’s price-to-sales (or “P/S”) ratio of 2.7x might still make it look like a buy right now compared to the Electronic industry in Canada, where around half of the companies have P/S ratios above 4.2x and even P/S above 18x are quite common. However, the P/S might be low for a reason and it requires further investigation to determine if it’s justified.
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