Invinity Energy Systems (LON:IES) Trading Up 10.6% - Should You Buy?

Shares of Invinity Energy Systems plc (LON:IES - Get Free Report) were up 10.6% during trading on Tuesday . The company traded as high as GBX 15.95 ($0.21) and last traded at GBX 15.21 ($0.20). Approximately 457,926 shares changed hands during trading, a decline of 56% from the average daily volume of 1,040,218 shares. The stock had previously closed at GBX 13.75 ($0.19).

Analyst Ratings Changes

Separately, Canaccord Genuity Group reiterated a "buy" rating and issued a GBX 40 ($0.54) price target on shares of Invinity Energy Systems in a report on Friday.

Invinity Energy Systems Stock Performance

The firm has a market cap of £69.11 million, a price-to-earnings ratio of -1.82 and a beta of 2.24. The company has a debt-to-equity ratio of 0.87, a quick ratio of 2.00 and a current ratio of 6.96. The firm's 50 day moving average is GBX 12.03 and its 200-day moving average is GBX 12.98.

Invinity Energy Systems (LON:IES - Get Free Report) last posted its 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%. Sell-side analysts anticipate 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.