Invinity Energy Systems’ (IES) “Buy” Rating Reiterated at Canaccord Genuity Group

Canaccord Genuity Group reiterated their buy rating on shares of Invinity Energy Systems (LON:IES) in a research report released on Tuesday morning, MarketBeat Ratings reports. The firm currently has a GBX 40 price objective on the stock.

Invinity Energy Systems Price Performance

LON:IES opened at GBX 21.23 on Tuesday. 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 business’s 50-day moving average price is GBX 21.48 and its 200 day moving average price is GBX 17.89. Invinity Energy Systems has a 52-week low of GBX 7.76 and a 52-week high of GBX 29. The firm has a market cap of £93.53 million, a P/E ratio of -316.87 and a beta of 2.24.

Invinity Energy Systems (LON:IES) last posted its quarterly earnings data 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%. As a group, sell-side analysts predict that Invinity Energy Systems will post -9.3999995 earnings per share for the current fiscal year.

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.