Insider Buying: Invinity Energy Systems plc (LON:IES) Insider Purchases 134,333 Shares of Stock

Invinity Energy Systems plc (LON:IES) insider Adam Howard purchased 134,333 shares of the stock in a transaction that occurred on Friday, December 27th. The shares were purchased at an average price of GBX 15 ($0.19) per share, with a total value of £20,149.95 ($25,349.04).

Invinity Energy Systems Stock Up 13.7 %

Shares of Invinity Energy Systems stock opened at GBX 15.95 ($0.20) on Monday. The company has a current ratio of 6.96, a quick ratio of 2.00 and a debt-to-equity ratio of 2.28. Invinity Energy Systems plc has a 12-month low of GBX 8.50 ($0.11) and a 12-month high of GBX 37 ($0.47). The company has a market cap of £70.27 million, a P/E ratio of -177.22 and a beta of 2.24. The company’s fifty day simple moving average is GBX 14.46 and its two-hundred day simple moving average is GBX 16.57.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on IES. Canaccord Genuity Group reaffirmed a “buy” rating and set a GBX 40 ($0.50) price objective on shares of Invinity Energy Systems in a research note on Wednesday, December 4th. Canaccord Genuity Group reiterated a “buy” rating and issued a GBX 40 ($0.50) price objective on shares of Invinity Energy Systems in a report on Wednesday, December 4th.

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. 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.