Invinity Energy Systems (LON:IES) Stock Price Down 5.8% – Here’s Why

Invinity Energy Systems plc (LON:IES) shares were down 5.8% during trading on Tuesday . The company traded as low as GBX 12.25 ($0.16) and last traded at GBX 12.25 ($0.16). Approximately 2,235,777 shares were traded during mid-day trading, an increase of 116% from the average daily volume of 1,035,653 shares. The stock had previously closed at GBX 13 ($0.17).

Wall Street Analysts Forecast Growth

Separately, Canaccord Genuity Group restated a “buy” rating and set a GBX 40 ($0.53) price objective on shares of Invinity Energy Systems in a research note on Monday, March 31st.

Invinity Energy Systems Stock Performance

The company’s fifty day simple moving average is GBX 10.77 and its two-hundred day simple moving average is GBX 13.10. The company has a market capitalization of £53.58 million, a price-to-earnings ratio of -1.41 and a beta of 2.24. The company has a debt-to-equity ratio of 0.87, a quick ratio of 2.00 and a current ratio of 6.96.

Invinity Energy Systems Company Profile

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.