Invinity Energy Systems (LON:IES) Shares Up 12.8% - Here's What Happened

Invinity Energy Systems plc (LON:IES - Get Free Report)'s stock price was up 12.8% during mid-day trading on Thursday . The stock traded as high as GBX 21.93 ($0.30) and last traded at GBX 21.93 ($0.30). Approximately 1,330,913 shares changed hands during trading, an increase of 33% from the average daily volume of 1,002,206 shares. The stock had previously closed at GBX 19.45 ($0.26).

Analysts Set New Price Targets

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 research note on Friday, May 30th.

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 company has a market cap of £95.92 million, a PE ratio of -2.53 and a beta of 2.24. The firm's 50-day simple moving average is GBX 13.95 and its two-hundred day simple moving average is GBX 13.30.

Invinity Energy Systems (LON:IES - Get Free Report) last posted its quarterly earnings data 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%. As a group, research 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.

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