Invinity Energy Systems (LON:IES) Shares Down 11.3%

Invinity Energy Systems plc (LON:IES)’s share price fell 11.3% during mid-day trading on Thursday . The company traded as low as GBX 23 ($0.29) and last traded at GBX 23.05 ($0.29). 813,693 shares changed hands during trading, an increase of 262% from the average session volume of 224,861 shares. The stock had previously closed at GBX 26 ($0.33).

Analyst Ratings Changes

Separately, Canaccord Genuity Group reissued a “buy” rating and set a GBX 75 ($0.94) price objective on shares of Invinity Energy Systems in a report on Monday, February 26th.

Invinity Energy Systems Price Performance

The company has a debt-to-equity ratio of 2.94, a current ratio of 2.51 and a quick ratio of 2.00. The stock has a market cap of £44.42 million, a price-to-earnings ratio of -166.43 and a beta of 2.37. The stock has a fifty day moving average of GBX 24.22 and a 200 day moving average of GBX 29.31.

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.