Invinity Energy Systems (LON:IES) Trading Up 2.1% - Still a Buy?

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

Wall Street Analysts Forecast Growth

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

Invinity Energy Systems Trading Down 1.0 %

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

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.