Invinity Energy Systems (LON:IES) Shares Up 1.7% – Here’s What Happened

Invinity Energy Systems plc (LON:IES) shares traded up 1.7% on Wednesday . The company traded as high as GBX 15.50 ($0.19) and last traded at GBX 15 ($0.19). Approximately 87,846 shares traded hands during mid-day trading, a decline of 89% from the average daily volume of 772,236 shares. The stock had previously closed at GBX 14.75 ($0.18).

Analyst Ratings Changes

A number of brokerages recently commented on IES. Canaccord Genuity Group restated a “buy” rating and issued a GBX 40 ($0.50) price objective on shares of Invinity Energy Systems in a research report on Wednesday, December 4th. Canaccord Genuity Group reissued a “buy” rating and issued a GBX 40 ($0.50) price objective on shares of Invinity Energy Systems in a research report on Wednesday, December 4th.

Invinity Energy Systems Trading Up 1.7 %

The firm has a market capitalization of £66.08 million, a price-to-earnings ratio of -166.67 and a beta of 2.24. The business’s 50-day moving average price is GBX 14.18 and its 200 day moving average price is GBX 16.72. The company has a debt-to-equity ratio of 2.28, a current ratio of 6.96 and a quick ratio of 2.00.

About Invinity Energy Systems

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.