Insider Buying: Invinity Energy Systems plc (LON:IES) Insider Acquires 134,333 Shares of Stock

Invinity Energy Systems plc (LON:IES) insider Adam Howard bought 134,333 shares of Invinity Energy Systems stock in a transaction on Friday, December 27th. The shares were acquired at an average price of GBX 15 ($0.19) per share, for a total transaction of £20,149.95 ($25,212.65).

Invinity Energy Systems Price Performance

IES stock opened at GBX 16.30 ($0.20) on Thursday. The stock has a market cap of £71.81 million, a PE ratio of -181.11 and a beta of 2.24. The stock has a 50-day moving average price of GBX 14.77 and a two-hundred day moving average price of GBX 16.46. Invinity Energy Systems plc has a 1 year low of GBX 8.50 ($0.11) and a 1 year high of GBX 37 ($0.46). The company has a current ratio of 6.96, a quick ratio of 2.00 and a debt-to-equity ratio of 2.28.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on IES shares. Canaccord Genuity Group reiterated a “buy” rating and set a GBX 40 ($0.50) price objective on shares of Invinity Energy Systems in a report on Wednesday, December 4th. Canaccord Genuity Group restated a “buy” rating and set a GBX 40 ($0.50) target price on shares of Invinity Energy Systems in a report on Wednesday, December 4th.

About Invinity Energy Systems

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.