Invinity Energy Systems (LON:IES) Trading 0.8% Higher - Still a Buy?

Invinity Energy Systems plc (LON:IES - Get Free Report)'s share price traded up 0.8% during mid-day trading on Friday . The company 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 ($0.29).

Analysts Set New Price Targets

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

Invinity Energy Systems Price Performance

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 firm has a market capitalization of £96.66 million, a price-to-earnings ratio of -2.54 and a beta of 2.24. The business has a fifty day moving average of GBX 14.36 and a two-hundred day moving average of GBX 13.42.

Invinity Energy Systems (LON:IES - Get Free Report) last posted 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%. As a group, research analysts predict that Invinity Energy Systems plc will post -9.3999995 EPS 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.

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