Invinity Energy Systems (LON:IES) Shares Down 10.9% - Should You Sell?

Invinity Energy Systems plc (LON:IES - Get Free Report)'s stock price traded down 10.9% during mid-day trading on Friday . The stock traded as low as GBX 15.05 ($0.20) and last traded at GBX 15.15 ($0.20). 1,207,612 shares traded hands during mid-day trading, an increase of 15% from the average session volume of 1,046,483 shares. The stock had previously closed at GBX 17 ($0.23).

Analysts Set New Price Targets

Separately, Canaccord Genuity Group restated a "buy" rating and issued a GBX 40 ($0.54) price objective on shares of Invinity Energy Systems in a research note on Friday.

Invinity Energy Systems Stock Down 7.1%

The company has a quick ratio of 2.00, a current ratio of 6.96 and a debt-to-equity ratio of 0.87. The firm has a 50 day simple moving average of GBX 12.03 and a 200-day simple moving average of GBX 12.98. The stock has a market cap of £69.11 million, a P/E ratio of -1.82 and a beta of 2.24.

Invinity Energy Systems (LON:IES - Get Free Report) last announced 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 return on equity of 37.72% and a negative net margin of 237.38%. On average, equities research analysts forecast 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.