Invinity Energy Systems (LON:IES) Earns Buy Rating from Canaccord Genuity Group

Canaccord Genuity Group restated their buy rating on shares of Invinity Energy Systems (LON:IESFree Report) in a research report report published on Monday, Marketbeat Ratings reports. They currently have a GBX 40 ($0.52) target price on the stock.

Invinity Energy Systems Price Performance

LON:IES opened at GBX 10 ($0.13) on Monday. The business’s 50-day moving average price is GBX 21.19 and its 200 day moving average price is GBX 22.35. The firm has a market cap of £44.06 million, a P/E ratio of -76.92 and a beta of 2.23. Invinity Energy Systems has a 52-week low of GBX 10 ($0.13) and a 52-week high of GBX 52 ($0.68). The company has a quick ratio of 2.00, a current ratio of 2.00 and a debt-to-equity ratio of 4.60.

About Invinity Energy Systems

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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.

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