Invinity Energy Systems plc (LON:IES - Get Free Report) shares fell 1% on Tuesday . The company traded as low as GBX 14.60 ($0.18) and last traded at GBX 14.60 ($0.18). 385,501 shares changed hands during trading, a decline of 17% from the average session volume of 463,349 shares. The stock had previously closed at GBX 14.75 ($0.18).
Wall Street Analyst Weigh In
Several equities analysts have recently commented on IES shares. Canaccord Genuity Group restated a "buy" rating and issued a GBX 40 ($0.49) price objective on shares of Invinity Energy Systems in a report on Wednesday, December 4th. Canaccord Genuity Group reissued a "buy" rating and issued a GBX 40 ($0.49) target price on shares of Invinity Energy Systems in a research report on Wednesday, December 4th.
Check Out Our Latest Stock Report on Invinity Energy Systems
Invinity Energy Systems Stock Performance
The company has a debt-to-equity ratio of 2.28, a quick ratio of 2.00 and a current ratio of 6.96. The company has a market capitalization of £64.98 million, a price-to-earnings ratio of -163.89 and a beta of 2.24. The firm has a 50-day simple moving average of GBX 15 and a two-hundred day simple moving average of GBX 16.14.
Insider Buying and Selling
In related news, insider Adam Howard acquired 134,333 shares of the firm's stock in a transaction dated Friday, December 27th. The stock was acquired at an average price of GBX 15 ($0.18) per share, for a total transaction of £20,149.95 ($24,842.74). 34.42% of the stock is owned by insiders.
About Invinity Energy Systems
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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 at over 79 sites across 15 countries, more than any other company in the space.
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