Invinity Energy Systems (LON:IES) Trading Up 2.1% – Should You Buy?

Invinity Energy Systems plc (LON:IES)’s stock price was up 2.1% during mid-day trading on Tuesday . The stock traded as high as GBX 13 ($0.17) and last traded at GBX 12.50 ($0.16). Approximately 2,066,377 shares traded hands during trading, an increase of 94% from the average daily volume of 1,064,152 shares. The stock had previously closed at GBX 12.24 ($0.16).

Analysts Set New Price Targets

Separately, Canaccord Genuity Group reissued a “buy” rating and set a GBX 40 ($0.53) price objective on shares of Invinity Energy Systems in a report on Monday, March 31st.

Invinity Energy Systems Trading Down 2.4 %

The business’s fifty day moving average is GBX 10.71 and its 200-day moving average is GBX 12.79. The company has a debt-to-equity ratio of 0.87, a quick ratio of 2.00 and a current ratio of 6.96. The firm has a market cap of £53.36 million, a P/E ratio of -1.40 and a beta of 2.24.

Invinity Energy Systems Company Profile

Invinity Energy Systems plc is a global manufacturer of vanadium flow batteries (VFB), a leading alternative to lithium-ion technology. Ideally placed to address the substantial demand for long-duration utility-grade stationary energy storage solutions, Invinity has deployed its modular battery systems across 82 sites in 15 countries, more than any other company in the space.