Invinity Energy Systems (LON:IES) Trading 13.5% Higher – Here’s Why

Invinity Energy Systems plc (LON:IES) shot up 13.5% during trading on Thursday . The company traded as high as GBX 10.50 ($0.14) and last traded at GBX 10.50 ($0.14). 1,404,161 shares changed hands during trading, an increase of 100% from the average session volume of 702,163 shares. The stock had previously closed at GBX 9.25 ($0.12).

Analyst Ratings Changes

Separately, Canaccord Genuity Group restated a “buy” rating and set a GBX 40 ($0.52) price target on shares of Invinity Energy Systems in a research report on Monday, September 9th.

Invinity Energy Systems Stock Up 13.5 %

The company has a current ratio of 6.96, a quick ratio of 2.00 and a debt-to-equity ratio of 2.28. The stock has a market capitalization of £46.26 million, a P/E ratio of -116.67 and a beta of 2.24. The stock’s 50-day moving average price is GBX 14.48 and its two-hundred day moving average price is GBX 19.80.

About Invinity Energy Systems

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.