Invinity Energy Systems (LON:IES) Stock Price Up 0.6% – Should You Buy?

Shares of Invinity Energy Systems plc (LON:IES) rose 0.6% on Tuesday . The company traded as high as GBX 10.94 ($0.14) and last traded at GBX 10.81 ($0.14). Approximately 180,765 shares were traded during mid-day trading, a decline of 63% from the average daily volume of 482,064 shares. The stock had previously closed at GBX 10.75 ($0.14).

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on the stock. Canaccord Genuity Group reaffirmed a “buy” rating and set a GBX 40 ($0.52) price target on shares of Invinity Energy Systems in a research note on Wednesday, December 4th. Canaccord Genuity Group restated a “buy” rating and set a GBX 40 ($0.52) target price on shares of Invinity Energy Systems in a research report on Tuesday, February 18th.

Invinity Energy Systems Trading Up 0.6 %

The stock has a market cap of £47.28 million, a PE ratio of -1.24 and a beta of 2.24. The company has a debt-to-equity ratio of 0.87, a quick ratio of 2.00 and a current ratio of 6.96. The stock has a fifty day moving average price of GBX 13.62 and a 200 day moving average price of GBX 13.69.

Insider Buying and Selling

In other Invinity Energy Systems news, insider Adam Howard bought 134,333 shares of Invinity Energy Systems stock in a transaction on Friday, December 27th. The shares were acquired at an average price of GBX 15 ($0.19) per share, for a total transaction of £20,149.95 ($26,087.45). 34.42% of the stock is owned by corporate insiders.

About Invinity Energy Systems

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.