Invinity Energy Systems plc (LON:IES) Insider Adam Howard Buys 134,333 Shares

Invinity Energy Systems plc (LON:IES) insider Adam Howard bought 134,333 shares of the firm’s stock in a transaction dated Friday, December 27th. The shares were purchased at an average price of GBX 15 ($0.19) per share, with a total value of £20,149.95 ($25,282.25).

Invinity Energy Systems Trading Up 12.7 %

Invinity Energy Systems stock opened at GBX 15.80 ($0.20) on Tuesday. The firm has a 50-day moving average price of GBX 14.46 and a two-hundred day moving average price of GBX 16.57. Invinity Energy Systems plc has a 52-week low of GBX 8.50 ($0.11) and a 52-week high of GBX 37 ($0.46). The firm has a market capitalization of £69.61 million, a price-to-earnings ratio of -175.56 and a beta of 2.24. The company has a quick ratio of 2.00, a current ratio of 6.96 and a debt-to-equity ratio of 2.28.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on IES shares. Canaccord Genuity Group restated a “buy” rating and issued a GBX 40 ($0.50) price target on shares of Invinity Energy Systems in a report on Wednesday, December 4th. 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 note on Wednesday, December 4th.

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.