Invinity Energy Systems (LON:IES) Trading Up 1.2%

Invinity Energy Systems plc (LON:IES – Get Rating)’s stock price was up 1.2% during mid-day trading on Wednesday . The stock traded as high as GBX 43 ($0.54) and last traded at GBX 43 ($0.54). Approximately 31,392 shares were traded during trading, a decline of 88% from the average daily volume of 254,395 shares. The stock had previously closed at GBX 42.50 ($0.53).
Analyst Ratings Changes
Separately, Canaccord Genuity Group reissued a “buy” rating and issued a GBX 75 ($0.94) price target on shares of Invinity Energy Systems in a research note on Wednesday, April 12th.
The stock has a fifty day simple moving average of GBX 35.16 and a 200-day simple moving average of GBX 34.96. The stock has a market cap of £82.14 million, a P/E ratio of -179.17 and a beta of 2.63. The company has a debt-to-equity ratio of 1.50, a quick ratio of 2.00 and a current ratio of 2.70.
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.