Canaccord Genuity Group Reiterates Buy Rating for Invinity Energy Systems (LON:IES)

Canaccord Genuity Group reiterated their buy rating on shares of Invinity Energy Systems (LON:IES) in a research note published on Friday morning, MarketBeat reports. They currently have a GBX 40 ($0.50) target price on the stock.

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

Invinity Energy Systems Stock Up 0.4 %

LON IES opened at GBX 12.95 ($0.16) on Friday. Invinity Energy Systems has a 1 year low of GBX 8.50 ($0.11) and a 1 year high of GBX 29 ($0.36). The stock has a market capitalization of £57.05 million, a PE ratio of -143.89 and a beta of 2.24. The company has a debt-to-equity ratio of 2.28, a current ratio of 6.96 and a quick ratio of 2.00. The business’s 50-day moving average is GBX 15.11 and its 200 day moving average is GBX 15.39.

Insider Transactions at Invinity Energy Systems

In other news, insider Adam Howard acquired 134,333 shares of the firm’s stock in a transaction on Friday, December 27th. The stock was acquired at an average price of GBX 15 ($0.19) per share, for a total transaction of £20,149.95 ($24,996.84). Corporate 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.