Invinity Energy Systems (LON:IES) Receives Buy Rating from Canaccord Genuity Group

Canaccord Genuity Group restated their buy rating on shares of Invinity Energy Systems (LON:IES) in a research report report published on Friday morning, Marketbeat Ratings reports. The firm currently has a GBX 40 ($0.50) price objective on the stock.

Separately, Canaccord Genuity Group reissued a “buy” rating and issued a GBX 40 ($0.50) price target on shares of Invinity Energy Systems in a report on Wednesday, December 4th.

Invinity Energy Systems Stock Up 0.4 %

Shares of LON IES opened at GBX 12.95 ($0.16) on Friday. The company has a current ratio of 6.96, a quick ratio of 2.00 and a debt-to-equity ratio of 2.28. The business has a 50-day moving average of GBX 15.11 and a 200-day moving average of GBX 15.39. The firm has a market capitalization of £57.05 million, a price-to-earnings ratio of -143.89 and a beta of 2.24. Invinity Energy Systems has a 12 month low of GBX 8.50 ($0.11) and a 12 month high of GBX 29 ($0.36).

Insider Transactions at Invinity Energy Systems

In other Invinity Energy Systems news, insider Adam Howard acquired 134,333 shares of the stock in a transaction dated Friday, December 27th. The stock was purchased at an average cost of GBX 15 ($0.19) per share, for a total transaction of £20,149.95 ($24,996.84). Company insiders own 34.42% of the company’s stock.

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 at over 79 sites across 15 countries, more than any other company in the space.