Invinity Energy Systems (LON:IES) Trading 11.5% Higher – Here’s Why

Invinity Energy Systems plc (LON:IES) shares rose 11.5% during mid-day trading on Wednesday . The company 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).

Analyst Ratings Changes

IES has been the topic of a number of recent research reports. Canaccord Genuity Group reaffirmed a “buy” rating and set a GBX 40 ($0.52) price target on shares of Invinity Energy Systems in a research report on Monday. Canaccord Genuity Group restated a “buy” rating and set a GBX 40 ($0.52) target price on shares of Invinity Energy Systems in a report on Wednesday, December 4th.

Invinity Energy Systems Price Performance

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 company has a market cap of £40.24 million, a PE ratio of -1.06 and a beta of 2.24. The company has a 50-day moving average price of GBX 11.42 and a two-hundred day moving average price of GBX 12.68.

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.