Invinity Energy Systems (LON:IES) Stock Price Up 7.4%

Invinity Energy Systems plc (LON:IES) traded up 7.4% during mid-day trading on Tuesday . The company traded as high as GBX 10.48 ($0.14) and last traded at GBX 10.25 ($0.14). 886,047 shares changed hands during trading, an increase of 25% from the average session volume of 710,223 shares. The stock had previously closed at GBX 9.54 ($0.13).

Analysts Set New Price Targets

Separately, Canaccord Genuity Group reaffirmed a “buy” rating and set a GBX 40 ($0.54) price objective on shares of Invinity Energy Systems in a research note on Monday, September 9th.

Invinity Energy Systems Trading Up 7.4 %

The company has a debt-to-equity ratio of 4.60, a current ratio of 2.00 and a quick ratio of 2.00. The firm has a market capitalization of £45.16 million, a price-to-earnings ratio of -113.83 and a beta of 2.23. The business’s 50 day moving average price is GBX 17.91 and its 200-day moving average price is GBX 21.02.

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. It also offers electric related services. The company provides batteries for energy storage for utilities and developers, commercial and industrial, and off-grid and microgrid applications.