Invinity Energy Systems (LON:IES) Trading Up 11.1% – Should You Buy?

Invinity Energy Systems plc (LON:IES)’s share price traded up 11.1% on Wednesday . The company traded as high as GBX 12.50 ($0.16) and last traded at GBX 12.50 ($0.16). 922,751 shares were traded during trading, an increase of 31% from the average session volume of 702,545 shares. The stock had previously closed at GBX 11.25 ($0.15).

Analysts Set New Price Targets

Separately, Canaccord Genuity Group reaffirmed a “buy” rating and issued a GBX 40 ($0.52) target price on shares of Invinity Energy Systems in a research note on Monday, September 9th.

Invinity Energy Systems Trading Down 5.9 %

The stock has a fifty day moving average of GBX 13.43 and a two-hundred day moving average of GBX 19.35. The company has a market capitalization of £51.84 million, a PE ratio of -130.73 and a beta of 2.24. The company has a current ratio of 6.96, a quick ratio of 2.00 and a debt-to-equity ratio of 2.28.

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.