Invinity Energy Systems (LON:IES) Shares Up 11.5% – Should You Buy?

Invinity Energy Systems plc (LON:IES) rose 11.5% during trading on Wednesday . The stock traded as high as GBX 9.50 ($0.12) and last traded at GBX 9.20 ($0.12). Approximately 4,286,871 shares were traded during mid-day trading, an increase of 394% from the average daily volume of 868,276 shares. The stock had previously closed at GBX 8.25 ($0.11).

Wall Street Analyst Weigh In

Separately, Canaccord Genuity Group restated a “buy” rating and set a GBX 40 ($0.52) target price on shares of Invinity Energy Systems in a report on Monday.

Invinity Energy Systems Price Performance

The business has a fifty day moving average of GBX 11.21 and a 200 day moving average of GBX 12.67. The firm has a market cap of £34.99 million, a P/E ratio of -0.92 and a beta of 2.24. 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 Company Profile

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 82 sites in 15 countries, more than any other company in the space.