Invinity Energy Systems (LON:IES) Trading 0.6% Higher – Should You Buy?

Invinity Energy Systems plc (LON:IES) shares were up 0.6% during mid-day trading on Tuesday . The company traded as high as GBX 10.94 ($0.14) and last traded at GBX 10.81 ($0.14). Approximately 180,765 shares were traded during trading, a decline of 63% from the average daily volume of 482,064 shares. The stock had previously closed at GBX 10.75 ($0.14).

Analysts Set New Price Targets

Several equities research analysts have recently commented on IES shares. Canaccord Genuity Group restated a “buy” rating and issued a GBX 40 ($0.52) price target on shares of Invinity Energy Systems in a report on Wednesday, December 4th. Canaccord Genuity Group reaffirmed a “buy” rating and issued a GBX 40 ($0.52) price target on shares of Invinity Energy Systems in a report on Tuesday, February 18th.

Invinity Energy Systems Stock Up 0.6 %

The company has a 50-day moving average of GBX 13.62 and a 200-day moving average of GBX 13.69. The company has a current ratio of 6.96, a quick ratio of 2.00 and a debt-to-equity ratio of 0.87. The company has a market capitalization of £47.28 million, a price-to-earnings ratio of -1.24 and a beta of 2.24.

Insider Transactions at Invinity Energy Systems

In related news, insider Adam Howard purchased 134,333 shares of the firm’s stock in a transaction on 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 ($26,087.45). 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.