Invinity Energy Systems plc (LON:IES - Get Free Report) shares shot up 2.7% during trading on Monday . The stock traded as high as GBX 29 ($0.39) and last traded at GBX 28.33 ($0.38). 972,315 shares traded hands during trading, an increase of 0% from the average session volume of 967,629 shares. The stock had previously closed at GBX 27.59 ($0.37).
Wall Street Analysts Forecast Growth
Separately, Canaccord Genuity Group reissued a "buy" rating and set a GBX 40 ($0.54) price objective on shares of Invinity Energy Systems in a report on Friday, May 30th.
Read Our Latest Stock Analysis on IES
Invinity Energy Systems Price Performance
The firm's 50-day moving average price is GBX 19.11 and its 200-day moving average price is GBX 14.67. The company has a current ratio of 6.96, a quick ratio of 2.00 and a debt-to-equity ratio of 0.87. The stock has a market capitalization of £122.46 million, a PE ratio of -3.22 and a beta of 2.24.
Invinity Energy Systems (LON:IES - Get Free Report) last announced its earnings results 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 net margin of 237.38% and a negative return on equity of 37.72%. On average, equities analysts forecast that Invinity Energy Systems plc will post -9.3999995 EPS for the current fiscal year.
About Invinity Energy Systems
(
Get Free Report)
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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