Invinity Energy Systems plc (LON:IES - Get Free Report) shares traded up 14.6% during mid-day trading on Tuesday . The stock traded as high as GBX 14.45 ($0.18) and last traded at GBX 13.75 ($0.17). 1,308,616 shares traded hands during mid-day trading, an increase of 211% from the average session volume of 421,430 shares. The stock had previously closed at GBX 12 ($0.15).
Analysts Set New Price Targets
Several analysts have issued reports on the company. Canaccord Genuity Group reissued a "buy" rating and issued a GBX 40 ($0.51) price target on shares of Invinity Energy Systems in a research note on Tuesday. Canaccord Genuity Group reissued a "buy" rating and issued a GBX 40 ($0.51) price target on shares of Invinity Energy Systems in a research note on Wednesday, December 4th.
Check Out Our Latest Stock Analysis on IES
Invinity Energy Systems Price Performance
The company has a market cap of £53.80 million, a P/E ratio of -1.42 and a beta of 2.24. The company has a fifty day moving average price of GBX 14.55 and a two-hundred day moving average price of GBX 14.49. The company has a debt-to-equity ratio of 0.87, a quick ratio of 2.00 and a current ratio of 6.96.
Insider Activity
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 bought at an average price of GBX 15 ($0.19) per share, for a total transaction of £20,149.95 ($25,457.93). 34.42% of the stock is owned by corporate 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 across 82 sites in 15 countries, more than any other company in the space.
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