Invinity Energy Systems’ (IES) Buy Rating Reiterated at Canaccord Genuity Group

Canaccord Genuity Group restated their buy rating on shares of Invinity Energy Systems (LON:IES) in a research report released on Tuesday morning, Marketbeat reports. Canaccord Genuity Group currently has a GBX 40 ($0.51) price objective on the stock.

Separately, Canaccord Genuity Group reissued a “buy” rating and issued a GBX 40 ($0.51) price objective on shares of Invinity Energy Systems in a report on Wednesday, December 4th.

Invinity Energy Systems Trading Down 2.8 %

Invinity Energy Systems stock opened at GBX 12.64 ($0.16) on Tuesday. Invinity Energy Systems has a 52-week low of GBX 8.50 ($0.11) and a 52-week high of GBX 29 ($0.37). 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 firm has a market capitalization of £55.28 million, a price-to-earnings ratio of -1.46 and a beta of 2.24. The firm has a 50-day moving average price of GBX 14.62 and a two-hundred day moving average price of GBX 14.56.

Insider Buying and Selling

In related news, insider Adam Howard bought 134,333 shares of the stock in a transaction on Friday, December 27th. The shares were purchased at an average price of GBX 15 ($0.19) per share, with a total value of £20,149.95 ($25,532.12). Corporate insiders own 34.42% of the company’s stock.

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.