Shares of Invinity Energy Systems plc (LON:IES – Get Free Report) shot up 0.2% during mid-day trading on Monday . The company traded as high as GBX 51 ($0.66) and last traded at GBX 50.60 ($0.65). 190,614 shares were traded during mid-day trading, a decline of 25% from the average session volume of 252,748 shares. The stock had previously closed at GBX 50.50 ($0.65).
Wall Street Analysts Forecast Growth
Separately, Canaccord Genuity Group restated a “buy” rating and set a GBX 75 ($0.96) price target on shares of Invinity Energy Systems in a research report on Wednesday, April 12th.
The stock has a market capitalization of £96.66 million, a PE ratio of -180.71 and a beta of 2.72. The company’s fifty day moving average price is GBX 41.58 and its 200-day moving average price is GBX 38.76. The company has a quick ratio of 2.00, a current ratio of 2.70 and a debt-to-equity ratio of 1.50.
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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