Invinity Energy Systems (LON:IES) Shares Up 11.5% – Should You Buy?

Shares of Invinity Energy Systems plc (LON:IES) were up 11.5% during mid-day trading on Wednesday . The stock traded as high as GBX 9.50 ($0.12) and last traded at GBX 9.20 ($0.12). Approximately 4,286,871 shares changed hands during trading, an increase of 394% from the average daily volume of 868,276 shares. The stock had previously closed at GBX 8.25 ($0.11).

Wall Street Analysts Forecast Growth

Several research firms have weighed in on IES. Canaccord Genuity Group reissued a “buy” rating and issued a GBX 40 ($0.52) target price on shares of Invinity Energy Systems in a report on Monday. Canaccord Genuity Group reissued a “buy” rating and issued a GBX 40 ($0.52) price objective on shares of Invinity Energy Systems in a research note on Wednesday, December 4th.

Invinity Energy Systems Stock Up 11.5 %

The company has a debt-to-equity ratio of 0.87, a current ratio of 6.96 and a quick ratio of 2.00. The firm has a 50-day simple moving average of GBX 11.42 and a two-hundred day simple moving average of GBX 12.68. The company has a market cap of £40.24 million, a PE ratio of -1.06 and a beta of 2.24.

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 across 82 sites in 15 countries, more than any other company in the space.