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

Invinity Energy Systems plc (LON:IES)’s stock price dropped 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). Approximately 813,693 shares were traded during mid-day trading, an increase of 262% from the average daily volume of 224,861 shares. The stock had previously closed at GBX 26 ($0.33).

Wall Street Analyst Weigh In

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

Invinity Energy Systems Price Performance

The company has a market cap of £44.42 million, a price-to-earnings ratio of -166.43 and a beta of 2.37. The company’s 50 day moving average price is GBX 24.22 and its 200 day moving average price is GBX 29.31. The company has a current ratio of 2.51, a quick ratio of 2.00 and a debt-to-equity ratio of 2.94.

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.