Shares of Invinity Energy Systems plc (LON:IES – Get Rating) were up 5.4% during mid-day trading on Tuesday . The company traded as high as GBX 35 ($0.43) and last traded at GBX 34.25 ($0.43). Approximately 161,758 shares traded hands during trading, a decline of 35% from the average daily volume of 250,422 shares. The stock had previously closed at GBX 32.50 ($0.40).
Analysts Set New Price Targets
Separately, Canaccord Genuity Group reissued a “buy” rating and set a GBX 75 ($0.93) price objective on shares of Invinity Energy Systems in a research report on Monday, January 23rd.
The company has a debt-to-equity ratio of 1.50, a quick ratio of 2.00 and a current ratio of 2.70. The company has a market cap of £65.43 million, a price-to-earnings ratio of -126.85 and a beta of 2.63. The stock’s fifty day moving average is GBX 34.68 and its two-hundred day moving average is GBX 33.22.
About Invinity Energy Systems
Invinity Energy Systems plc manufactures and sells vanadium flow batteries (VFB) for energy storage solutions in the United Kingdom, Canada, the United States, Australia, and China. The company also develops electricity grids, as well as offers electric grid services. It provides batteries for energy storage for utilities and developers, commercial and industrial, and off-grid and microgrid applications.4
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