Invinity Energy Systems plc (LON:IES - Get Free Report) was down 10.1% during mid-day trading on Wednesday . The stock traded as low as GBX 20.38 ($0.27) and last traded at GBX 20.45 ($0.27). Approximately 934,751 shares changed hands during mid-day trading, an increase of 1% from the average daily volume of 927,604 shares. The stock had previously closed at GBX 22.75 ($0.30).
Wall Street Analyst Weigh In
Separately, Canaccord Genuity Group reissued a "buy" rating and issued a GBX 40 ($0.53) target price on shares of Invinity Energy Systems in a research report on Friday, May 30th.
Check Out Our Latest Stock Analysis on IES
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 0.87. The firm has a 50-day moving average of GBX 21.36 and a 200-day moving average of GBX 15.16. The stock has a market capitalization of £96.40 million, a price-to-earnings ratio of -2.54 and a beta of 2.24.
Invinity Energy Systems (LON:IES - Get Free Report) last released its earnings results on Friday, May 30th. The company reported GBX (6.70) (($0.09)) earnings per share (EPS) for the quarter. Invinity Energy Systems had a negative net margin of 237.38% and a negative return on equity of 37.72%. As a group, sell-side analysts predict that Invinity Energy Systems plc will post -9.3999995 earnings per share for the current year.
Invinity Energy Systems Company Profile
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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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