Invinity Energy Systems (LON:IES) Trading Up 14.7% - Still a Buy?

Invinity Energy Systems plc (LON:IES - Get Free Report) shares rose 14.7% during mid-day trading on Tuesday . The stock traded as high as GBX 13.50 ($0.17) and last traded at GBX 13.48 ($0.17). Approximately 1,396,604 shares were traded during trading, an increase of 80% from the average daily volume of 775,065 shares. The stock had previously closed at GBX 11.75 ($0.15).

Analysts Set New Price Targets

Separately, Canaccord Genuity Group reaffirmed a "buy" rating and issued a GBX 40 ($0.51) price target on shares of Invinity Energy Systems in a research note on Monday, September 9th.

Invinity Energy Systems Trading Up 24.3 %

The business has a 50-day simple moving average of GBX 12.31 and a 200-day simple moving average of GBX 17.44. The company has a quick ratio of 2.00, a current ratio of 6.96 and a debt-to-equity ratio of 2.28. The company has a market cap of £64.32 million, a PE ratio of -162.22 and a beta of 2.24.

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.