Invinity Energy Systems (LON:IES) Shares Up 2.3%

Invinity Energy Systems plc (LON:IES) shares traded up 2.3% on Tuesday . The company traded as high as GBX 24 ($0.31) and last traded at GBX 22.50 ($0.29). 2,415,019 shares were traded during trading, an increase of 325% from the average session volume of 567,889 shares. The stock had previously closed at GBX 22 ($0.28).

Analyst Ratings Changes

Separately, Canaccord Genuity Group reduced their price objective on shares of Invinity Energy Systems from GBX 75 ($0.96) to GBX 65 ($0.83) and set a “buy” rating on the stock in a research note on Tuesday, May 28th.

Invinity Energy Systems Stock Performance

The stock’s 50 day moving average price is GBX 21.63 and its 200 day moving average price is GBX 24.89. The company has a debt-to-equity ratio of 2.94, a quick ratio of 2.00 and a current ratio of 2.51. The company has a market capitalization of £99.13 million, a P/E ratio of -187.50 and a beta of 2.29.

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.