Canaccord Genuity Group Reiterates “Buy” Rating for Invinity Energy Systems (LON:IES)

Invinity Energy Systems (LON:IES)‘s stock had its “buy” rating reissued by research analysts at Canaccord Genuity Group in a research note issued to investors on Friday, Marketbeat Ratings reports. They currently have a GBX 40 ($0.54) price objective on the stock. Canaccord Genuity Group’s price objective points to a potential upside of 153.16% from the stock’s previous close.

Invinity Energy Systems Trading Down 7.1%

LON:IES opened at GBX 15.80 ($0.21) on Friday. The company has a current ratio of 6.96, a quick ratio of 2.00 and a debt-to-equity ratio of 0.87. The stock has a market capitalization of £69.11 million, a PE ratio of -1.82 and a beta of 2.24. The firm’s 50 day moving average is GBX 12.03 and its 200 day moving average is GBX 12.96. Invinity Energy Systems has a 12 month low of GBX 7.76 ($0.10) and a 12 month high of GBX 27 ($0.36).

Invinity Energy Systems (LON:IES) last announced its quarterly earnings data on Friday, May 30th. The company reported GBX (6.70) (($0.09)) earnings per share (EPS) for the quarter. Invinity Energy Systems had a negative net margin of 237.38% and a negative return on equity of 37.72%. Sell-side analysts expect that Invinity Energy Systems will post -9.3999995 earnings per share for the current year.

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.