Invinity Energy Systems (LON:IES) Stock Price Up 10.4% – Here’s What Happened

Invinity Energy Systems plc (LON:IES)’s stock price traded up 10.4% during mid-day trading on Tuesday . The company traded as high as GBX 14.50 ($0.19) and last traded at GBX 14.35 ($0.19). 978,207 shares changed hands during trading, an increase of 38% from the average session volume of 709,560 shares. The stock had previously closed at GBX 13 ($0.17).

Wall Street Analysts Forecast Growth

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

Invinity Energy Systems Stock Performance

The stock has a market cap of £74.01 million, a price-to-earnings ratio of -183.33 and a beta of 2.24. The firm’s 50-day moving average is GBX 12.70 and its two-hundred day moving average is GBX 19.03. 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.