Invinity Energy Systems (LON:IES) Stock Price Down 11.3%

Invinity Energy Systems plc (LON:IES) traded down 11.3% during mid-day trading on Thursday . The company traded as low as GBX 23 ($0.29) and last traded at GBX 23.05 ($0.29). 813,693 shares changed hands during mid-day trading, an increase of 262% from the average session volume of 224,861 shares. The stock had previously closed at GBX 26 ($0.33).

Analysts Set New Price Targets

Separately, Canaccord Genuity Group reiterated a “buy” rating and issued a GBX 75 ($0.94) price target on shares of Invinity Energy Systems in a report on Monday, February 26th.

Invinity Energy Systems Stock Performance

The company has a debt-to-equity ratio of 2.94, a quick ratio of 2.00 and a current ratio of 2.51. The company has a market capitalization of £44.90 million, a P/E ratio of -166.00 and a beta of 2.37. The business’s fifty day simple moving average is GBX 24.24 and its 200-day simple moving average is GBX 29.36.

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.