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

Canaccord Genuity Group restated their buy rating on shares of Invinity Energy Systems (LON:IES - Free Report) in a research report report published on Friday, Marketbeat reports. The firm currently has a GBX 40 ($0.54) price target on the stock.

Invinity Energy Systems Trading Down 7.1%

Shares of LON:IES traded down GBX 1.20 ($0.02) during trading on Friday, hitting GBX 15.80 ($0.21). 1,937,825 shares of the company's stock were exchanged, compared to its average volume of 1,053,572. Invinity Energy Systems has a 1-year low of GBX 7.76 ($0.10) and a 1-year high of GBX 27 ($0.36). The firm has a 50-day moving average price of GBX 12.03 and a two-hundred day moving average price of GBX 12.96. 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 firm has a market cap of £69.11 million, a P/E ratio of -1.82 and a beta of 2.24.

Invinity Energy Systems (LON:IES - Get Free Report) last issued its quarterly earnings results on Friday, May 30th. The company reported GBX (6.70) (($0.09)) EPS for the quarter. Invinity Energy Systems had a negative return on equity of 37.72% and a negative net margin of 237.38%. Equities analysts predict that Invinity Energy Systems will post -9.3999995 earnings per share for the current year.

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.