Invinity Energy Systems (LON:IES) Shares Up 5.9% - Time to Buy?

Shares of Invinity Energy Systems plc (LON:IES - Get Free Report) shot up 5.9% during trading on Monday . The company traded as high as GBX 15.50 ($0.20) and last traded at GBX 15.50 ($0.20). 112,405 shares changed hands during trading, a decline of 85% from the average session volume of 774,658 shares. The stock had previously closed at GBX 14.64 ($0.18).

Wall Street Analysts Forecast Growth

Separately, Canaccord Genuity Group reiterated a "buy" rating and set a GBX 40 ($0.50) price target on shares of Invinity Energy Systems in a report on Monday, September 9th.

Invinity Energy Systems Trading Down 0.9 %

The business has a 50-day moving average price of GBX 11.66 and a 200-day moving average price of GBX 18.41. The firm has a market capitalization of £63.88 million, a P/E ratio of -172.22 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 2.28.

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.