Invinity Energy Systems (LON:IES) Shares Up 5.9% – What’s Next?

Invinity Energy Systems plc (LON:IES)’s stock price shot up 5.9% during trading on Monday . The stock traded as high as GBX 15.50 ($0.20) and last traded at GBX 15.50 ($0.20). 112,405 shares were traded during trading, a decline of 85% from the average session volume of 774,658 shares. The stock had previously closed at GBX 14.64 ($0.18).

Analyst Ratings Changes

Separately, Canaccord Genuity Group reissued a “buy” rating and issued a GBX 40 ($0.50) target price on shares of Invinity Energy Systems in a research report on Monday, September 9th.

Invinity Energy Systems Trading Up 5.9 %

The company has a quick ratio of 2.00, a current ratio of 6.96 and a debt-to-equity ratio of 2.28. The stock has a 50-day moving average of GBX 11.66 and a 200 day moving average of GBX 18.41. The stock has a market cap of £68.29 million, a PE ratio of -166.67 and a beta of 2.24.

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.