Invinity Energy Systems (LON:IES) Stock Price Down 8.4% – Should You Sell?

Invinity Energy Systems plc (LON:IES) shares were down 8.4% on Saturday . The stock traded as low as GBX 9.50 ($0.12) and last traded at GBX 9.50 ($0.12). Approximately 1,734,769 shares were traded during trading, an increase of 228% from the average daily volume of 529,586 shares. The stock had previously closed at GBX 10.38 ($0.13).

Analysts Set New Price Targets

Several research analysts have weighed in on IES shares. Canaccord Genuity Group restated a “buy” rating and set a GBX 40 ($0.52) price objective on shares of Invinity Energy Systems in a report on Tuesday, February 18th. Canaccord Genuity Group reiterated a “buy” rating and set a GBX 40 ($0.52) price target on shares of Invinity Energy Systems in a report on Wednesday, December 4th.

Invinity Energy Systems Stock Performance

The stock has a market capitalization of £41.55 million, a P/E ratio of -1.09 and a beta of 2.24. The company has a 50 day simple moving average of GBX 13.23 and a 200-day simple moving average of GBX 13.46. The company has a debt-to-equity ratio of 0.87, a current ratio of 6.96 and a quick ratio of 2.00.

Insider Buying and Selling at Invinity Energy Systems

In related news, insider Adam Howard acquired 134,333 shares of the firm’s stock in a transaction that occurred on Friday, December 27th. The shares were bought at an average cost of GBX 15 ($0.19) per share, for a total transaction of £20,149.95 ($26,063.83). Corporate insiders own 34.42% of the company’s stock.

Invinity Energy Systems Company Profile

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.