Invinity Energy Systems (LON:IES) Trading Up 25.7% – Time to Buy?

Invinity Energy Systems plc (LON:IES) shares were up 25.7% during trading on Tuesday . The stock traded as high as GBX 11 ($0.14) and last traded at GBX 11 ($0.14). Approximately 2,140,305 shares traded hands during trading, an increase of 119% from the average daily volume of 977,349 shares. The stock had previously closed at GBX 8.75 ($0.11).

Wall Street Analysts Forecast Growth

Separately, Canaccord Genuity Group restated a “buy” rating and issued a GBX 40 ($0.51) price objective on shares of Invinity Energy Systems in a research report on Monday, March 31st.

Invinity Energy Systems Stock Performance

The stock has a market capitalization of £45.92 million, a price-to-earnings ratio of -1.21 and a beta of 2.24. 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 stock has a 50-day moving average of GBX 10.97 and a 200 day moving average of GBX 12.66.

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.