Invinity Energy Systems (LON:IES) Shares Up 1.7% – Still a Buy?

Shares of Invinity Energy Systems plc (LON:IES) traded up 1.7% during mid-day trading on Wednesday . The company traded as high as GBX 15.50 ($0.19) and last traded at GBX 15 ($0.19). 87,846 shares changed hands during mid-day trading, a decline of 89% from the average session volume of 772,236 shares. The stock had previously closed at GBX 14.75 ($0.18).

Analyst Upgrades and Downgrades

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

Invinity Energy Systems Price Performance

The firm’s fifty day simple moving average is GBX 14.38 and its two-hundred day simple moving average is GBX 16.62. The company has a quick ratio of 2.00, a current ratio of 6.96 and a debt-to-equity ratio of 2.28. The firm has a market cap of £62.78 million, a PE ratio of -158.33 and a beta of 2.24.

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.