Invinity Energy Systems (LON:IES) Trading 11.1% Higher – Here’s What Happened

Invinity Energy Systems plc (LON:IES)’s share price traded up 11.1% during mid-day trading on Wednesday . The stock traded as high as GBX 12.50 ($0.16) and last traded at GBX 12.50 ($0.16). 922,751 shares traded hands during mid-day trading, an increase of 31% from the average session volume of 702,545 shares. The stock had previously closed at GBX 11.25 ($0.15).

Analyst Ratings Changes

Separately, Canaccord Genuity Group reiterated a “buy” rating and set a GBX 40 ($0.52) target price on shares of Invinity Energy Systems in a report on Monday, September 9th.

Invinity Energy Systems Trading Down 5.9 %

The stock has a market cap of £51.84 million, a PE ratio of -130.73 and a beta of 2.24. The stock’s fifty day moving average price is GBX 13.43 and its 200 day moving average price is GBX 19.35. The company has a quick ratio of 2.00, a current ratio of 6.96 and a debt-to-equity ratio of 2.28.

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.