Invinity Energy Systems (LON:IES) Trading Up 14.6% – Here’s What Happened

Invinity Energy Systems plc (LON:IES)’s stock price traded up 14.6% during trading on Tuesday . The stock traded as high as GBX 14.45 ($0.18) and last traded at GBX 13.75 ($0.17). 1,308,616 shares traded hands during trading, an increase of 211% from the average session volume of 421,430 shares. The stock had previously closed at GBX 12 ($0.15).

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on IES. Canaccord Genuity Group restated a “buy” rating and issued a GBX 40 ($0.50) price target on shares of Invinity Energy Systems in a research report on Wednesday, December 4th. Canaccord Genuity Group reaffirmed a “buy” rating and set a GBX 40 ($0.50) target price on shares of Invinity Energy Systems in a report on Tuesday.

Invinity Energy Systems Trading Down 3.3 %

The firm’s fifty day simple moving average is GBX 14.69 and its 200-day simple moving average is GBX 14.63. The company has a debt-to-equity ratio of 0.87, a quick ratio of 2.00 and a current ratio of 6.96. The stock has a market cap of £54.98 million, a P/E ratio of -1.45 and a beta of 2.24.

Insiders Place Their Bets

In other Invinity Energy Systems news, insider Adam Howard purchased 134,333 shares of the business’s stock in a transaction on Friday, December 27th. The shares were purchased at an average cost of GBX 15 ($0.19) per share, for a total transaction of £20,149.95 ($25,355.42). Company insiders own 34.42% of the company’s stock.

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.