Invinity Energy Systems plc (LON:IES - Get Free Report) shares shot up 17.4% during mid-day trading on Friday . The stock traded as high as GBX 27.93 ($0.38) and last traded at GBX 27.60 ($0.37). 1,319,832 shares were traded during mid-day trading, an increase of 37% from the average session volume of 961,290 shares. The stock had previously closed at GBX 23.50 ($0.32).
Analyst Upgrades and Downgrades
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.
Get Our Latest Stock Report on IES
Invinity Energy Systems Stock Performance
The firm's 50-day moving average price is GBX 17.87 and its two-hundred day moving average price is GBX 14.32. The firm has a market capitalization of £120.67 million, a PE ratio of -3.18 and a beta of 2.24. The company has a quick ratio of 2.00, a current ratio of 6.96 and a debt-to-equity ratio of 0.87.
Invinity Energy Systems (LON:IES - Get Free Report) last released 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 earnings per share for the current fiscal year.
About Invinity Energy Systems
(
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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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