Invinity Energy Systems (LON:IES) Hits New 1-Year Low at $9.00

Shares of Invinity Energy Systems plc (LON:IES) hit a new 52-week low on Wednesday . The stock traded as low as GBX 9 ($0.12) and last traded at GBX 9.20 ($0.12), with a volume of 280719 shares trading hands. The stock had previously closed at GBX 9.25 ($0.12).

Analysts Set New Price Targets

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

Invinity Energy Systems Stock Performance

The firm has a market cap of £40.53 million, a price-to-earnings ratio of -69.23 and a beta of 2.23. The company has a quick ratio of 2.00, a current ratio of 2.00 and a debt-to-equity ratio of 4.60. The company has a 50 day moving average of GBX 19.10 and a 200 day moving average of GBX 21.42.

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.