Invinity Energy Systems (LON:IES) Shares Up 2.1% – Time to Buy?

Invinity Energy Systems plc (LON:IES)’s share price traded up 2.1% during mid-day trading on Monday . The company traded as high as GBX 13 ($0.17) and last traded at GBX 12.50 ($0.16). 2,066,377 shares changed hands during trading, an increase of 94% from the average session volume of 1,064,152 shares. The stock had previously closed at GBX 12.24 ($0.16).

Wall Street Analysts Forecast Growth

Separately, Canaccord Genuity Group reiterated a “buy” rating and set a GBX 40 ($0.53) price objective on shares of Invinity Energy Systems in a research report on Monday, March 31st.

Invinity Energy Systems Stock Performance

The firm’s fifty day simple moving average is GBX 10.71 and its 200 day simple moving average is GBX 12.76. The company has a market capitalization of £54.67 million, a price-to-earnings ratio of -1.44 and a beta of 2.24. The company has a debt-to-equity ratio of 0.87, a current ratio of 6.96 and a quick ratio of 2.00.

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