Canaccord Genuity Group Reaffirms Buy Rating for Invinity Energy Systems (LON:IES)

Canaccord Genuity Group reiterated their buy rating on shares of Invinity Energy Systems (LON:IESGet Rating) in a research note issued to investors on Monday, MarketBeat reports. They currently have a GBX 75 ($0.93) price objective on the stock.

Invinity Energy Systems Stock Performance

Shares of Invinity Energy Systems stock opened at GBX 43 ($0.53) on Monday. Invinity Energy Systems has a one year low of GBX 19.64 ($0.24) and a one year high of GBX 104.50 ($1.29). The firm has a market capitalization of £49.94 million and a price-to-earnings ratio of -1.23. The business has a 50-day simple moving average of GBX 36.69 and a 200 day simple moving average of GBX 35.93. The company has a debt-to-equity ratio of 1.50, a current ratio of 2.70 and a quick ratio of 2.00.

Invinity Energy Systems Company Profile

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Invinity Energy Systems plc manufactures and sells vanadium flow batteries (VFB) for energy storage solutions in the United Kingdom, Canada, the United States, Australia, and China. The company also develops electricity grids, as well as offers electric grid services. It provides batteries for energy storage for utilities and developers, commercial and industrial, and off-grid and microgrid applications.

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