Invinity Energy Systems (LON:IES) Shares Up 4.9%

Shares of Invinity Energy Systems plc (LON:IES) rose 4.9% during trading on Thursday . The stock traded as high as GBX 21.60 ($0.28) and last traded at GBX 21.50 ($0.28). Approximately 168,773 shares changed hands during mid-day trading, a decline of 71% from the average daily volume of 581,378 shares. The stock had previously closed at GBX 20.50 ($0.27).

Wall Street Analysts Forecast Growth

Separately, Canaccord Genuity Group reiterated a “buy” rating and set a GBX 65 ($0.84) price target on shares of Invinity Energy Systems in a research note on Thursday, July 25th.

Invinity Energy Systems Stock Performance

The company has a current ratio of 2.00, a quick ratio of 2.00 and a debt-to-equity ratio of 4.60. The business has a 50 day moving average price of GBX 21.78 and a 200-day moving average price of GBX 22.97. The firm has a market capitalization of £94.72 million, a PE ratio of -165.38 and a beta of 2.27.

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.