Invinity Energy Systems (LON:IES) Shares Up 5.9% – Still a Buy?

Shares of Invinity Energy Systems plc (LON:IES) rose 5.9% during trading on Monday . The stock traded as high as GBX 15.50 ($0.20) and last traded at GBX 15.50 ($0.20). Approximately 112,405 shares were traded during trading, a decline of 85% from the average daily volume of 774,658 shares. The stock had previously closed at GBX 14.64 ($0.18).

Wall Street Analyst Weigh In

Separately, Canaccord Genuity Group reaffirmed a “buy” rating and issued a GBX 40 ($0.50) price objective on shares of Invinity Energy Systems in a research report on Monday, September 9th.

Invinity Energy Systems Stock Performance

The business has a 50-day moving average price of GBX 11.66 and a 200-day moving average price of GBX 18.41. The company has a quick ratio of 2.00, a current ratio of 6.96 and a debt-to-equity ratio of 2.28. The firm has a market capitalization of £68.29 million, a price-to-earnings ratio of -166.67 and a beta of 2.24.

Invinity Energy Systems Company Profile

Invinity Energy Systems plc manufactures and sells vanadium flow batteries (VFB) for energy storage solutions in the United Kingdom, Canada, the United States, Australia, and China. It also offers electric related services. The company provides batteries for energy storage for utilities and developers, commercial and industrial, and off-grid and microgrid applications.