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

Canaccord Genuity Group reaffirmed their buy rating on shares of Invinity Energy Systems (LON:IES – Get Rating) in a research note issued to investors on Monday morning, MarketBeat.com reports. They currently have a GBX 75 ($0.93) target price on the stock.

Invinity Energy Systems Stock Up 10.3 %

Shares of IES opened at GBX 43 ($0.53) on Monday. The company has a market capitalization of £49.94 million and a PE ratio of -1.23. Invinity Energy Systems has a 12 month low of GBX 19.64 ($0.24) and a 12 month high of GBX 104.50 ($1.29). The stock’s 50-day moving average price is GBX 36.69 and its two-hundred day moving average price is GBX 35.93. The company has a current ratio of 2.70, a quick ratio of 2.00 and a debt-to-equity ratio of 1.50.

Invinity Energy Systems Company Profile

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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. The company also develops electricity grids, as well as offers electric grid services. It provides batteries for energy storage for utilities and developers, commercial and industrial, and off-grid and microgrid applications.