Invinity Energy Systems (LON:IES) Stock Price Down 1% – What’s Next?

Invinity Energy Systems plc (LON:IES)’s share price fell 1% on Tuesday . The company traded as low as GBX 14.60 ($0.18) and last traded at GBX 14.60 ($0.18). 385,501 shares were traded during mid-day trading, a decline of 17% from the average session volume of 463,349 shares. The stock had previously closed at GBX 14.75 ($0.18).

Analysts Set New Price Targets

IES has been the subject of a number of analyst reports. Canaccord Genuity Group reaffirmed a “buy” rating and issued a GBX 40 ($0.49) price target on shares of Invinity Energy Systems in a report on Wednesday, December 4th. Canaccord Genuity Group reissued a “buy” rating and issued a GBX 40 ($0.49) price target on shares of Invinity Energy Systems in a report on Wednesday, December 4th.

Invinity Energy Systems Trading Down 1.0 %

The company has a current ratio of 6.96, a quick ratio of 2.00 and a debt-to-equity ratio of 2.28. The stock has a market cap of £64.32 million, a PE ratio of -162.22 and a beta of 2.24. The firm has a fifty day simple moving average of GBX 15.02 and a two-hundred day simple moving average of GBX 16.18.

Insider Transactions at Invinity Energy Systems

In other news, insider Adam Howard bought 134,333 shares of the business’s stock in a transaction on Friday, December 27th. The stock was acquired at an average price of GBX 15 ($0.18) per share, with a total value of £20,149.95 ($24,842.74). Insiders own 34.42% of the company’s stock.

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 at over 79 sites across 15 countries, more than any other company in the space.