Invinity Energy Systems (LON:IES) Given Buy Rating at Canaccord Genuity Group

Invinity Energy Systems (LON:IES - Get Free Report)'s stock had its "buy" rating restated by analysts at Canaccord Genuity Group in a research report issued on Wednesday, MarketBeat Ratings reports. They currently have a GBX 40 ($0.51) price objective on the stock. Canaccord Genuity Group's price target points to a potential upside of 144.65% from the stock's previous close.

Invinity Energy Systems Stock Performance

Invinity Energy Systems stock traded up GBX 1.75 ($0.02) during midday trading on Wednesday, reaching GBX 16.35 ($0.21). 2,899,800 shares of the company traded hands, compared to its average volume of 797,332. The firm has a market capitalization of £72.03 million, a price-to-earnings ratio of -181.67 and a beta of 2.24. The business has a 50 day moving average of GBX 12.45 and a two-hundred day moving average of GBX 17.40. Invinity Energy Systems has a 12 month low of GBX 8.50 ($0.11) and a 12 month high of GBX 37 ($0.47). The company has a debt-to-equity ratio of 2.28, a current ratio of 6.96 and a quick ratio of 2.00.

Invinity Energy Systems Company Profile

Invinity Energy Systems plc manufactures and sells vanadium flow batteries (VFB) for energy storage solutions in the United Kingdom, Canada, the United States, Australia, and China. It also offers electric related services. The company provides batteries for energy storage for utilities and developers, commercial and industrial, and off-grid and microgrid applications.