Invinity Energy Systems (LON:IES) Shares Up 2.1% - Time to Buy?

Invinity Energy Systems plc (LON:IES - Get Free Report)'s share price traded up 2.1% during trading on Tuesday . The stock traded as high as GBX 13 ($0.17) and last traded at GBX 12.50 ($0.17). 2,066,377 shares traded hands during mid-day trading, an increase of 94% from the average session volume of 1,064,152 shares. The stock had previously closed at GBX 12.24 ($0.16).

Analysts Set New Price Targets

Separately, Canaccord Genuity Group reaffirmed a "buy" rating and set a GBX 40 ($0.53) target price on shares of Invinity Energy Systems in a research report on Monday, March 31st.

Invinity Energy Systems Stock Performance

The company has a market cap of £52.48 million, a PE ratio of -1.38 and a beta of 2.24. The company's fifty day moving average price is GBX 10.65 and its 200 day moving average price is GBX 12.85. The company has a debt-to-equity ratio of 0.87, a current ratio of 6.96 and a quick ratio of 2.00.

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.