Invinity Energy Systems plc (LON:IES - Get Free Report) traded up 12.8% during trading on Friday . The stock traded as high as GBX 23.50 ($0.31) and last traded at GBX 23.40 ($0.31). 676,940 shares traded hands during trading, a decline of 27% from the average session volume of 931,171 shares. The stock had previously closed at GBX 20.75 ($0.28).
Analysts Set New Price Targets
Separately, Canaccord Genuity Group reiterated a "buy" rating and set a GBX 40 ($0.53) price objective on shares of Invinity Energy Systems in a research note on Friday, May 30th.
Check Out Our Latest Research Report on Invinity Energy Systems
Invinity Energy Systems Trading Down 0.1%
The company's fifty day moving average is GBX 21.68 and its two-hundred day moving average is GBX 15.25. 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 company has a market cap of £95.00 million, a price-to-earnings ratio of -2.50 and a beta of 2.24.
Invinity Energy Systems (LON:IES - Get Free Report) last issued its quarterly 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, research analysts anticipate that Invinity Energy Systems plc will post -9.3999995 EPS for the current 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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