Invinity Energy Systems (LON:IES) Announces Earnings Results

Invinity Energy Systems (LON:IES) announced its quarterly earnings results on Monday. The company reported GBX (2.10) earnings per share (EPS) for the quarter, Digital Look Earnings reports. Invinity Energy Systems had a negative net margin of 290.32% and a negative return on equity of 43.20%.

Invinity Energy Systems Price Performance

Invinity Energy Systems stock traded down GBX 0.25 during mid-day trading on Friday, hitting GBX 18.15. 879,283 shares of the company were exchanged, compared to its average volume of 1,748,782. The company has a quick ratio of 2.00, a current ratio of 2.81 and a debt-to-equity ratio of 3.86. The business has a fifty day moving average of GBX 22.17 and a 200 day moving average of GBX 23.63. Invinity Energy Systems has a 1-year low of GBX 15.50 and a 1-year high of GBX 40.50. The company has a market capitalization of £103.37 million, a PE ratio of -3.56 and a beta of 1.00.

Analyst Ratings Changes

Separately, Canaccord Genuity Group reaffirmed a “buy” rating and set a GBX 60 price objective on shares of Invinity Energy Systems in a report on Monday. One equities research analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, Invinity Energy Systems has an average rating of “Buy” and an average target price of GBX 60.

Invinity Energy Systems Company Profile

Invinity Energy Systems plc (AIM: IES) is a world-leading manufacturer of vanadium flow batteries for energy storage. Built in our factories in the UK and Canada, the Company’s proven, commercialised, longer duration energy storage technology has been deployed at scale and dispatched gigawatt-hours of electricity for customers across the world.

Invinity’s safe, scalable and durable battery technology is a trusted and safer alternative to lithium-ion batteries. Endurium VFBs are engineered for heavy-duty, high throughput applications, they don’t wear out, cannot catch fire and are designed to be operated for 30 years or more.