Invinity Energy Systems (LON:IES) Earns Buy Rating from Canaccord Genuity Group

Invinity Energy Systems (LON:IES)‘s stock had its “buy” rating reissued by equities research analysts at Canaccord Genuity Group in a research note issued on Tuesday,Digital Look reports. They currently have a GBX 40 ($0.50) target price on the stock. Canaccord Genuity Group’s price objective would suggest a potential upside of 206.75% from the company’s current price.

Separately, Canaccord Genuity Group reiterated a “buy” rating and set a GBX 40 ($0.50) target price on shares of Invinity Energy Systems in a research note on Wednesday, December 4th.

Invinity Energy Systems Stock Performance

Shares of LON IES traded up GBX 1.04 ($0.01) during trading hours on Tuesday, reaching GBX 13.04 ($0.16). 3,955,139 shares of the stock were exchanged, compared to its average volume of 499,269. The firm has a market capitalization of £57.03 million, a price-to-earnings ratio of -1.50 and a beta of 2.24. The company has a debt-to-equity ratio of 0.87, a quick ratio of 2.00 and a current ratio of 6.96. Invinity Energy Systems has a 52 week low of GBX 8.50 ($0.11) and a 52 week high of GBX 29 ($0.37). The stock’s fifty day simple moving average is GBX 14.80 and its 200 day simple moving average is GBX 14.78.

Insider Transactions at Invinity Energy Systems

In other news, insider Adam Howard bought 134,333 shares of the firm’s stock in a transaction that occurred on Friday, December 27th. The stock was acquired at an average cost of GBX 15 ($0.19) per share, with a total value of £20,149.95 ($25,422.60). Corporate insiders own 34.42% of the company’s stock.

Invinity Energy Systems Company Profile

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.