Invinity Energy Systems (LON:IES) Given “Buy” Rating at Canaccord Genuity Group

Canaccord Genuity Group restated their buy rating on shares of Invinity Energy Systems (LON:IES) in a research note released on Tuesday morning, Marketbeat Ratings reports. Canaccord Genuity Group currently has a GBX 40 ($0.50) price objective on the stock.

Separately, Canaccord Genuity Group reiterated a “buy” rating and issued a GBX 40 ($0.50) price objective on shares of Invinity Energy Systems in a research note on Wednesday, December 4th.

Invinity Energy Systems Stock Up 8.7 %

LON:IES opened at GBX 13.04 ($0.16) on Tuesday. The firm has a market capitalization of £57.03 million, a P/E ratio of -1.50 and a beta of 2.24. Invinity Energy Systems has a 1-year low of GBX 8.50 ($0.11) and a 1-year high of GBX 29 ($0.37). The company’s fifty day moving average price is GBX 14.75 and its 200-day moving average price is GBX 14.71. The company has a debt-to-equity ratio of 0.87, a current ratio of 6.96 and a quick ratio of 2.00.

Insider Transactions at Invinity Energy Systems

In other news, insider Adam Howard purchased 134,333 shares of the company’s stock in a transaction that occurred on Friday, December 27th. The shares were bought at an average price of GBX 15 ($0.19) per share, for a total transaction of £20,149.95 ($25,419.39). Company insiders own 34.42% of the company’s stock.

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.