Invinity Energy Systems' (IES) Buy Rating Reiterated at Canaccord Genuity Group

Canaccord Genuity Group restated their buy rating on shares of Invinity Energy Systems (LON:IES - Free Report) in a research note issued to investors on Friday, MarketBeat.com reports. They currently have a GBX 40 ($0.49) price objective on the stock.

Separately, Canaccord Genuity Group restated a "buy" rating and set a GBX 40 ($0.49) price target on shares of Invinity Energy Systems in a research note on Wednesday, December 4th.

Invinity Energy Systems Stock Down 2.0 %

Invinity Energy Systems stock traded down GBX 0.25 ($0.00) during trading hours on Friday, reaching GBX 12.50 ($0.15). The stock had a trading volume of 530,645 shares, compared to its average volume of 380,414. The company has a market cap of £55.07 million, a price-to-earnings ratio of -138.89 and a beta of 2.24. The company has a debt-to-equity ratio of 2.28, a current ratio of 6.96 and a quick ratio of 2.00. The business's 50 day moving average price is GBX 15.16 and its 200-day moving average price is GBX 15.23. Invinity Energy Systems has a 52 week low of GBX 8.50 ($0.11) and a 52 week high of GBX 29 ($0.36).

Insider Transactions at Invinity Energy Systems

In other news, insider Adam Howard bought 134,333 shares of the company's stock in a transaction that occurred on Friday, December 27th. The shares were purchased at an average price of GBX 15 ($0.19) per share, for a total transaction of £20,149.95 ($24,901.08). Insiders own 34.42% of the company's stock.

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.