Invinity Energy Systems (LON:IES) Stock Price Down 0.3% – Here’s What Happened

Invinity Energy Systems plc (LON:IES) shares dropped 0.3% on Monday . The stock traded as low as GBX 17.50 and last traded at GBX 18.38. Approximately 657,496 shares traded hands during mid-day trading, a decline of 13% from the average daily volume of 754,854 shares. The stock had previously closed at GBX 18.44.

Analyst Upgrades and Downgrades

Separately, Canaccord Genuity Group reissued a “buy” rating and set a GBX 40 target price on shares of Invinity Energy Systems in a report on Tuesday, September 30th. One research analyst has rated the stock with a Buy rating, According to MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus target price of GBX 40.

Invinity Energy Systems Price Performance

The company has a market cap of £104.53 million, a PE ratio of -4.18 and a beta of 2.24. The firm’s 50-day moving average is GBX 20.01 and its 200-day moving average is GBX 20.87. The company has a quick ratio of 2.00, a current ratio of 6.96 and a debt-to-equity ratio of 0.87.

Invinity Energy Systems (LON:IES) last issued its quarterly earnings results on Tuesday, September 30th. The company reported GBX (2.30) earnings per share for the quarter. Invinity Energy Systems had a negative net margin of 237.38% and a negative return on equity of 37.72%. On average, equities analysts anticipate that Invinity Energy Systems plc will post -9.3999995 EPS 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 more than 90 sites in 17 countries, more than any other company in the space.