Invinity Energy Systems (LON:IES) Shares Down 4.2% – Should You Sell?

Invinity Energy Systems plc (LON:IES) shares dropped 4.2% on Tuesday . The company traded as low as GBX 19.40 and last traded at GBX 19.40. Approximately 578,103 shares were traded during mid-day trading, a decline of 27% from the average daily volume of 787,484 shares. The stock had previously closed at GBX 20.25.

Analyst Ratings Changes

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

Invinity Energy Systems Stock Down 4.2%

The stock has a market cap of £110.34 million, a P/E ratio of -4.41 and a beta of 2.24. The company has a quick ratio of 2.00, a current ratio of 6.96 and a debt-to-equity ratio of 0.87. The company has a 50-day simple moving average of GBX 19.08 and a two-hundred day simple moving average of GBX 20.91.

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.

Invinity’s flow batteries have been designed from the ground up to meet the large scale, high-throughput energy requirements of business, industry and electrical networks around the world, helping to accelerate global progress towards net zero.