Invinity Energy Systems (LON:IES) Trading Up 11.1% – Should You Buy?

Invinity Energy Systems plc (LON:IES) shares traded up 11.1% during mid-day trading on Wednesday . The company traded as high as GBX 12.50 ($0.16) and last traded at GBX 12.50 ($0.16). 922,751 shares traded hands during trading, an increase of 31% from the average session volume of 702,545 shares. The stock had previously closed at GBX 11.25 ($0.15).

Analysts Set New Price Targets

Separately, Canaccord Genuity Group reiterated a “buy” rating and set a GBX 40 ($0.52) price objective on shares of Invinity Energy Systems in a research note on Monday, September 9th.

Invinity Energy Systems Trading Up 8.1 %

The firm has a fifty day moving average of GBX 13.64 and a 200-day moving average of GBX 19.44. The stock has a market capitalization of £53.60 million, a price-to-earnings ratio of -123.61 and a beta of 2.24. The company has a debt-to-equity ratio of 2.28, a quick ratio of 2.00 and a current ratio of 6.96.

About Invinity Energy Systems

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.