Invinity Energy Systems (LON:IES) Stock Price Up 13.5% – Should You Buy?

Shares of Invinity Energy Systems plc (LON:IES) rose 13.5% during trading on Thursday . The company traded as high as GBX 10.50 ($0.14) and last traded at GBX 10.50 ($0.14). Approximately 1,404,161 shares were traded during trading, an increase of 100% from the average daily volume of 702,163 shares. The stock had previously closed at GBX 9.25 ($0.12).

Analysts Set New Price Targets

Separately, Canaccord Genuity Group reaffirmed a “buy” rating and issued a GBX 40 ($0.52) price objective on shares of Invinity Energy Systems in a research note on Monday, September 9th.

Invinity Energy Systems Stock Performance

The company has a current ratio of 6.96, a quick ratio of 2.00 and a debt-to-equity ratio of 2.28. The company’s 50-day moving average is GBX 14.48 and its two-hundred day moving average is GBX 19.80. The firm has a market cap of £46.26 million, a P/E ratio of -116.67 and a beta of 2.24.

Invinity Energy Systems Company Profile

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