Invinity Energy Systems (LON:IES) Stock Price Up 7.4%

Invinity Energy Systems plc (LON:IES) shares rose 7.4% during mid-day trading on Tuesday . The stock traded as high as GBX 10.48 ($0.14) and last traded at GBX 10.25 ($0.14). Approximately 886,047 shares traded hands during trading, an increase of 25% from the average daily volume of 710,223 shares. The stock had previously closed at GBX 9.54 ($0.13).

Analysts Set New Price Targets

Separately, Canaccord Genuity Group restated a “buy” rating and issued a GBX 40 ($0.54) price objective on shares of Invinity Energy Systems in a report on Monday, September 9th.

Invinity Energy Systems Price Performance

The stock has a market capitalization of £45.16 million, a PE ratio of -113.83 and a beta of 2.23. The company has a debt-to-equity ratio of 4.60, a quick ratio of 2.00 and a current ratio of 2.00. The stock’s 50-day moving average is GBX 17.91 and its 200 day moving average is GBX 21.02.

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.