Canaccord Genuity Group Reaffirms “Buy” Rating for Invinity Energy Systems (LON:IES)

Canaccord Genuity Group reaffirmed their buy rating on shares of Invinity Energy Systems (LON:IES) in a research report sent to investors on Tuesday morning, MarketBeat Ratings reports. They currently have a GBX 40 ($0.51) price objective on the stock.

Separately, Canaccord Genuity Group reaffirmed a “buy” rating and set a GBX 40 ($0.51) price objective on shares of Invinity Energy Systems in a research note on Wednesday, December 4th.

Invinity Energy Systems Trading Down 2.8 %

Shares of LON IES opened at GBX 12.64 ($0.16) on Tuesday. The company has a quick ratio of 2.00, a current ratio of 6.96 and a debt-to-equity ratio of 0.87. Invinity Energy Systems has a 12 month low of GBX 8.50 ($0.11) and a 12 month high of GBX 29 ($0.37). The company has a market cap of £55.28 million, a price-to-earnings ratio of -1.46 and a beta of 2.24. The business has a fifty day simple moving average of GBX 14.62 and a 200-day simple moving average of GBX 14.56.

Insiders Place Their Bets

In other Invinity Energy Systems news, insider Adam Howard bought 134,333 shares of the firm’s stock in a transaction dated Friday, December 27th. The stock was acquired at an average price of GBX 15 ($0.19) per share, with a total value of £20,149.95 ($25,532.12). 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.