Invinity Energy Systems (LON:IES) Shares Down 5.8% - What's Next?

Shares of Invinity Energy Systems plc (LON:IES - Get Free Report) fell 5.8% during mid-day trading on Tuesday . The stock traded as low as GBX 12.25 ($0.16) and last traded at GBX 12.25 ($0.16). 2,235,777 shares traded hands during trading, an increase of 116% from the average session volume of 1,035,653 shares. The stock had previously closed at GBX 13 ($0.17).

Analysts Set New Price Targets

Separately, Canaccord Genuity Group reissued a "buy" rating and set a GBX 40 ($0.53) price target on shares of Invinity Energy Systems in a research report on Monday, March 31st.

Invinity Energy Systems Stock Performance

The firm has a market cap of £54.91 million, a PE ratio of -1.45 and a beta of 2.24. 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 stock has a 50-day moving average price of GBX 10.84 and a 200 day moving average price of GBX 13.14.

About Invinity Energy Systems

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.