Invinity Energy Systems (LON:IES) Hits New 52-Week High - Time to Buy?

Shares of Invinity Energy Systems plc (LON:IES - Get Free Report) reached a new 52-week high during mid-day trading on Monday . The company traded as high as GBX 29 ($0.39) and last traded at GBX 28.33 ($0.38), with a volume of 972315 shares trading hands. The stock had previously closed at GBX 27.59 ($0.37).

Analyst Upgrades and Downgrades

Separately, Canaccord Genuity Group reaffirmed a "buy" rating and issued a GBX 40 ($0.54) target price on shares of Invinity Energy Systems in a research note on Friday, May 30th.

Invinity Energy Systems Stock Performance

The stock has a fifty day moving average price of GBX 18.18 and a two-hundred day moving average price of GBX 14.41. The company has a market cap of £120.61 million, a P/E ratio of -3.18 and a beta of 2.24. The company has a debt-to-equity ratio of 0.87, a current ratio of 6.96 and a quick ratio of 2.00.

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