Invinity Energy Systems (LON:IES) Hits New 52-Week Low at $23.00

Invinity Energy Systems plc (LON:IES) shares hit a new 52-week low during trading on Thursday . The company traded as low as GBX 23 ($0.29) and last traded at GBX 23.93 ($0.30), with a volume of 208379 shares traded. The stock had previously closed at GBX 23.75 ($0.30).

Wall Street Analysts Forecast Growth

Separately, Canaccord Genuity Group restated a “buy” rating and issued a GBX 75 ($0.95) target price on shares of Invinity Energy Systems in a research report on Monday, February 26th.

Invinity Energy Systems Stock Performance

The firm’s fifty day simple moving average is GBX 25.35 and its 200 day simple moving average is GBX 32.73. The company has a market capitalization of £45.71 million, a price-to-earnings ratio of -169.64 and a beta of 2.40. The company has a debt-to-equity ratio of 2.94, a current ratio of 2.51 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.