Invinity Energy Systems plc (LON:IES) Insider Acquires £20,149.95 in Stock

Invinity Energy Systems plc (LON:IES) insider Adam Howard acquired 134,333 shares of the firm’s stock in a transaction on Friday, December 27th. The stock was purchased at an average price of GBX 15 ($0.19) per share, for a total transaction of £20,149.95 ($25,212.65).

Invinity Energy Systems Price Performance

Shares of IES stock opened at GBX 16.30 ($0.20) on Thursday. The firm’s 50 day moving average price is GBX 14.77 and its two-hundred day moving average price is GBX 16.46. The company has a debt-to-equity ratio of 2.28, a quick ratio of 2.00 and a current ratio of 6.96. Invinity Energy Systems plc has a 52-week low of GBX 8.50 ($0.11) and a 52-week high of GBX 37 ($0.46). The stock has a market cap of £71.81 million, a PE ratio of -181.11 and a beta of 2.24.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on IES shares. Canaccord Genuity Group reaffirmed a “buy” rating and set a GBX 40 ($0.50) price target on shares of Invinity Energy Systems in a research note on Wednesday, December 4th. Canaccord Genuity Group reissued a “buy” rating and set a GBX 40 ($0.50) price objective on shares of Invinity Energy Systems in a report on Wednesday, December 4th.

Invinity Energy Systems Company Profile

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.