Invinity Energy Systems (LON:IES) Trading 0.8% Higher - Here's Why

Shares of Invinity Energy Systems plc (LON:IES - Get Free Report) shot up 0.8% during mid-day trading on Friday . The stock traded as high as GBX 22.10 ($0.30) and last traded at GBX 22.10 ($0.30). 932,388 shares traded hands during mid-day trading, a decline of 7% from the average session volume of 1,001,614 shares. The stock had previously closed at GBX 21.93 ($0.30).

Wall Street Analyst Weigh In

Separately, Canaccord Genuity Group reiterated a "buy" rating and issued a GBX 40 ($0.54) price objective on shares of Invinity Energy Systems in a report on Friday, May 30th.

Invinity Energy Systems Stock Up 6.5%

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 business has a 50-day simple moving average of GBX 14.57 and a 200-day simple moving average of GBX 13.43. The stock has a market cap of £107.16 million, a P/E ratio of -2.82 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 (EPS) for the quarter. Invinity Energy Systems had a negative return on equity of 37.72% and a negative net margin of 237.38%. Analysts expect that Invinity Energy Systems plc will post -9.3999995 EPS for the current 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.