Invinity Energy Systems plc (LON:IES – Get Rating) shares traded down 5% during mid-day trading on Friday . The company traded as low as GBX 32.30 ($0.40) and last traded at GBX 32.30 ($0.40). 87,217 shares were traded during mid-day trading, a decline of 62% from the average session volume of 230,967 shares. The stock had previously closed at GBX 34 ($0.42).
Wall Street Analyst Weigh In
Separately, Canaccord Genuity Group restated a “buy” rating and issued a GBX 75 ($0.93) target price on shares of Invinity Energy Systems in a report on Wednesday, April 12th.
Invinity Energy Systems Trading Down 5.0 %
The stock has a market cap of £61.70 million, a price-to-earnings ratio of -153.81 and a beta of 2.66. The company has a quick ratio of 2.00, a current ratio of 2.70 and a debt-to-equity ratio of 1.50. The business has a 50-day moving average of GBX 37.62 and a 200-day moving average of GBX 36.48.
Invinity Energy Systems Company Profile
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.
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