Canaccord Genuity Group reiterated their buy rating on shares of Invinity Energy Systems (LON:IES - Free Report) in a research report report published on Tuesday, Marketbeat reports. They currently have a GBX 40 ($0.51) price objective on the stock.
Separately, Canaccord Genuity Group restated a "buy" rating and issued a GBX 40 ($0.51) price target on shares of Invinity Energy Systems in a research report on Wednesday, December 4th.
Check Out Our Latest Analysis on IES
Invinity Energy Systems Price Performance
LON IES traded down GBX 0.20 ($0.00) on Tuesday, reaching GBX 12.30 ($0.16). The company's stock had a trading volume of 219,317 shares, compared to its average volume of 507,541. The firm has a market cap of £53.80 million, a PE ratio of -1.42 and a beta of 2.24. Invinity Energy Systems has a 52 week low of GBX 8.50 ($0.11) and a 52 week high of GBX 29 ($0.37). 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 business has a 50-day moving average price of GBX 14.55 and a 200 day moving average price of GBX 14.49.
Insider Transactions at Invinity Energy Systems
In other Invinity Energy Systems news, insider Adam Howard purchased 134,333 shares of the company's stock in a transaction that occurred on Friday, December 27th. The stock was acquired at an average cost of GBX 15 ($0.19) per share, with a total value of £20,149.95 ($25,457.93). 34.42% of the stock is owned by company insiders.
Invinity Energy Systems Company Profile
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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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