Invinity Energy Systems plc (LON:IES - Get Free Report) shares shot up 12.8% during mid-day trading on Thursday . The company traded as high as GBX 21.93 ($0.29) and last traded at GBX 21.93 ($0.29). 1,330,913 shares changed hands during trading, an increase of 33% from the average session volume of 1,002,206 shares. The stock had previously closed at GBX 19.45 ($0.26).
Analyst Upgrades and Downgrades
Separately, Canaccord Genuity Group restated a "buy" rating and set a GBX 40 ($0.54) 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 Trading Up 0.8%
The business's 50-day moving average price is GBX 14.36 and its 200-day moving average price is GBX 13.40. The company has a debt-to-equity ratio of 0.87, a current ratio of 6.96 and a quick ratio of 2.00. The firm has a market capitalization of £96.66 million, a PE ratio of -2.54 and a beta of 2.24.
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)) 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%. As a group, analysts expect that Invinity Energy Systems plc will post -9.3999995 earnings per share for the current fiscal 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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