Invinity Energy Systems (LON:IES) Trading Down 10.1% – Here’s What Happened

Invinity Energy Systems plc (LON:IES) shares were down 10.1% during mid-day trading on Wednesday . The stock traded as low as GBX 30 and last traded at GBX 30.80. Approximately 4,235,330 shares were traded during trading, an increase of 138% from the average daily volume of 1,780,170 shares. The stock had previously closed at GBX 34.27.

Wall Street Analyst Weigh In

Separately, Canaccord Genuity Group lifted their price objective on shares of Invinity Energy Systems from GBX 33 to GBX 35 and gave the company a “buy” rating in a research note on Thursday, May 21st. One equities research analyst has rated the stock with a Buy rating, According to MarketBeat, Invinity Energy Systems currently has a consensus rating of “Buy” and an average target price of GBX 35.

Invinity Energy Systems Stock Down 10.1%

The firm has a 50 day moving average of GBX 23.02 and a two-hundred day moving average of GBX 20.32. The firm has a market capitalization of £175.18 million, a price-to-earnings ratio of -6.04 and a beta of 1.06. The company has a quick ratio of 2.00, a current ratio of 3.81 and a debt-to-equity ratio of 3.00.

Invinity Energy Systems (LON:IES) last released its quarterly earnings data on Monday, June 1st. The company reported GBX (5.10) earnings per share for the quarter. The business had revenue of GBX 818 million during the quarter. Invinity Energy Systems had a negative net margin of 294.48% and a negative return on equity of 39.44%. As a group, sell-side analysts anticipate that Invinity Energy Systems plc will post -9.3999995 EPS 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 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.