Invinity Energy Systems (LON:IES) Shares Up 11.7%

Invinity Energy Systems plc (LON:IES) rose 11.7% during trading on Tuesday . The stock traded as high as GBX 29 ($0.36) and last traded at GBX 28.25 ($0.35). Approximately 490,856 shares traded hands during mid-day trading, an increase of 127% from the average daily volume of 215,851 shares. The stock had previously closed at GBX 25.30 ($0.32).

Analyst Ratings Changes

Separately, Canaccord Genuity Group reiterated a “buy” rating and issued a GBX 75 ($0.94) price objective on shares of Invinity Energy Systems in a report on Monday, February 26th.

Invinity Energy Systems Stock Up 11.7 %

The business’s 50 day simple moving average is GBX 24.13 and its 200-day simple moving average is GBX 29.50. The company has a market cap of £53.98 million, a price-to-earnings ratio of -185.86 and a beta of 2.37. The company has a debt-to-equity ratio of 2.94, a quick ratio of 2.00 and a current ratio of 2.51.

Invinity Energy Systems Company Profile

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