Invinity Energy Systems (LON:IES) Shares Down 5%

Invinity Energy Systems plc (LON:IES – Get Rating) shares were down 5% during trading on Friday . The company traded as low as GBX 32.30 ($0.40) and last traded at GBX 32.30 ($0.40). Approximately 87,217 shares traded hands during trading, a decline of 62% from the average daily volume of 230,967 shares. The stock had previously closed at GBX 34 ($0.42).

Wall Street Analyst Weigh In

Separately, Canaccord Genuity Group reiterated a “buy” rating and set a GBX 75 ($0.93) target price on shares of Invinity Energy Systems in a research report on Wednesday, April 12th.

Invinity Energy Systems Stock Performance

The company has a market capitalization of £61.70 million, a price-to-earnings ratio of -146.82 and a beta of 2.66. The stock has a fifty day moving average price of GBX 37.62 and a two-hundred day moving average price of GBX 36.40. The company has a quick ratio of 2.00, a current ratio of 2.70 and a debt-to-equity ratio of 1.50.

About Invinity Energy Systems

(Get Rating)

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. The company also develops electricity grids, as well as offers electric grid services. It provides batteries for energy storage for utilities and developers, commercial and industrial, and off-grid and microgrid applications.