Invinity Energy Systems’ (IES) Buy Rating Reaffirmed at Canaccord Genuity Group

Canaccord Genuity Group restated their buy rating on shares of Invinity Energy Systems (LON:IES) in a report published on Monday, Marketbeat reports. They currently have a GBX 40 ($0.52) price target on the stock.

Separately, Canaccord Genuity Group restated a “buy” rating and set a GBX 40 ($0.52) price objective on shares of Invinity Energy Systems in a research report on Wednesday, December 4th.

Invinity Energy Systems Stock Performance

LON IES opened at GBX 8.10 ($0.10) on Monday. The company has a market capitalization of £35.43 million, a price-to-earnings ratio of -0.93 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 0.87. Invinity Energy Systems has a twelve month low of GBX 7.76 ($0.10) and a twelve month high of GBX 29 ($0.37). The stock has a fifty day simple moving average of GBX 11.55 and a 200 day simple moving average of GBX 12.70.

About Invinity Energy Systems

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.