Invinity Energy Systems (LON:IES - Get Free Report) announced its earnings results on Friday. The company reported GBX (6.70) (($0.09)) earnings per share for the quarter, Digital Look Earnings reports. Invinity Energy Systems had a negative return on equity of 37.72% and a negative net margin of 237.38%.
Invinity Energy Systems Stock Performance
LON IES traded down GBX 1.20 ($0.02) during trading hours on Friday, hitting GBX 15.80 ($0.21). 1,937,825 shares of the stock were exchanged, compared to its average volume of 1,053,572. The company has a market cap of £69.11 million, a price-to-earnings ratio of -1.82 and a beta of 2.24. Invinity Energy Systems has a 12-month low of GBX 7.76 ($0.10) and a 12-month high of GBX 27 ($0.36). The stock has a 50-day moving average of GBX 12.03 and a 200 day moving average of GBX 12.96. The company has a quick ratio of 2.00, a current ratio of 6.96 and a debt-to-equity ratio of 0.87.
Analyst Upgrades and Downgrades
Separately, Canaccord Genuity Group reiterated a "buy" rating and set a GBX 40 ($0.54) target price on shares of Invinity Energy Systems in a research note on Friday.
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About Invinity Energy Systems
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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.
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