Invinity Energy Systems (LON:IES) Trading 2.7% Higher – Here’s What Happened

Invinity Energy Systems plc (LON:IES) was up 2.7% during trading on Monday . The stock traded as high as GBX 29 ($0.39) and last traded at GBX 28.33 ($0.38). Approximately 972,315 shares traded hands during mid-day trading, an increase of 0% from the average daily volume of 967,629 shares. The stock had previously closed at GBX 27.59 ($0.37).

Analysts Set New Price Targets

Separately, Canaccord Genuity Group reaffirmed a “buy” rating and set a GBX 40 ($0.54) target price on shares of Invinity Energy Systems in a report on Friday, May 30th.

Invinity Energy Systems Stock Performance

The company has a market cap of £123.90 million, a PE ratio of -3.26 and a beta of 2.24. The business’s 50-day moving average is GBX 18.18 and its 200 day moving average is GBX 14.41. 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 (LON:IES) last released its quarterly earnings data on Friday, May 30th. The company reported GBX (6.70) (($0.09)) earnings per share (EPS) for the quarter. Invinity Energy Systems had a negative net margin of 237.38% and a negative return on equity of 37.72%. On average, equities research analysts predict that Invinity Energy Systems plc will post -9.3999995 EPS for the current fiscal year.

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.