Invinity Energy Systems (LON:IES) Stock Price Down 1% – Should You Sell?

Invinity Energy Systems plc (LON:IES) shares were down 1% during trading on Tuesday . The stock traded as low as GBX 14.60 ($0.18) and last traded at GBX 14.60 ($0.18). Approximately 385,501 shares changed hands during trading, a decline of 17% from the average daily volume of 463,349 shares. The stock had previously closed at GBX 14.75 ($0.18).

Analysts Set New Price Targets

A number of research analysts have recently commented on IES shares. Canaccord Genuity Group reissued a “buy” rating and issued a GBX 40 ($0.49) target price on shares of Invinity Energy Systems in a report on Wednesday, December 4th. Canaccord Genuity Group reiterated a “buy” rating and issued a GBX 40 ($0.49) price target on shares of Invinity Energy Systems in a research note on Wednesday, December 4th.

Invinity Energy Systems Stock Down 1.0 %

The company has a debt-to-equity ratio of 2.28, a quick ratio of 2.00 and a current ratio of 6.96. The company has a market cap of £64.32 million, a P/E ratio of -162.22 and a beta of 2.24. The firm’s 50 day moving average price is GBX 15.02 and its two-hundred day moving average price is GBX 16.18.

Insider Buying and Selling

In related news, insider Adam Howard acquired 134,333 shares of the stock in a transaction dated Friday, December 27th. The stock was purchased at an average cost of GBX 15 ($0.18) per share, with a total value of £20,149.95 ($24,842.74). 34.42% of the stock is owned by company insiders.

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 at over 79 sites across 15 countries, more than any other company in the space.