Invinity Energy Systems (LON:IES) Stock Price Up 1.6% – Here’s What Happened
by Mitch Edgeman · The Markets DailyInvinity Energy Systems plc (LON:IES – Get Free Report) traded up 1.6% on Tuesday . The stock traded as high as GBX 19 and last traded at GBX 18.80. 1,479,570 shares traded hands during trading, an increase of 93% from the average session volume of 767,626 shares. The stock had previously closed at GBX 18.50.
Wall Street Analyst Weigh In
Separately, Canaccord Genuity Group reaffirmed a “buy” rating and issued a GBX 40 target price on shares of Invinity Energy Systems in a report on Tuesday, September 30th. One research analyst has rated the stock with a Buy rating, According to data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average price target of GBX 40.
Read Our Latest Stock Report on IES
Invinity Energy Systems Trading Up 1.6%
The company has a market cap of £106.93 million, a P/E ratio of -4.27 and a beta of 2.24. The firm’s 50 day moving average is GBX 19.21 and its two-hundred day moving average is GBX 21.14. The company has a quick ratio of 2.00, a current ratio of 6.96 and a debt-to-equity ratio of 0.87.
Invinity Energy Systems (LON:IES – Get Free Report) last announced its earnings results on Tuesday, September 30th. The company reported GBX (2.30) EPS for the quarter. Invinity Energy Systems had a negative return on equity of 37.72% and a negative net margin of 237.38%. As a group, equities research analysts anticipate that Invinity Energy Systems plc will post -9.3999995 EPS for the current year.
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 across more than 90 sites in 17 countries, more than any other company in the space.
Invinity’s flow batteries have been designed from the ground up to meet the large scale, high-throughput energy requirements of business, industry and electrical networks around the world, helping to accelerate global progress towards net zero.