Invinity Energy Systems (LON:IES) Trading Down 8.4% – Here’s What Happened

Shares of Invinity Energy Systems plc (LON:IESGet Free Report) fell 8.4% during mid-day trading on Saturday . The stock traded as low as GBX 9.50 ($0.12) and last traded at GBX 9.50 ($0.12). 1,734,769 shares were traded during trading, an increase of 228% from the average session volume of 529,586 shares. The stock had previously closed at GBX 10.38 ($0.13).

Analysts Set New Price Targets

Several brokerages have issued reports on IES. 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. 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 Tuesday, February 18th.

Read Our Latest Report on IES

Invinity Energy Systems Trading Down 8.4 %

The company has a current ratio of 6.96, a quick ratio of 2.00 and a debt-to-equity ratio of 0.87. The firm has a market capitalization of £41.55 million, a P/E ratio of -1.09 and a beta of 2.24. The firm has a 50-day moving average of GBX 13.23 and a two-hundred day moving average of GBX 13.46.

Insider Buying and Selling

In other news, insider Adam Howard bought 134,333 shares of the company’s stock in a transaction on Friday, December 27th. The stock was purchased at an average cost of GBX 15 ($0.19) per share, for a total transaction of £20,149.95 ($26,046.99). 34.42% of the stock is owned by corporate insiders.

Invinity Energy Systems Company Profile

(Get Free Report)

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.

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