Invinity Energy Systems (LON:IES) Sets New 52-Week Low – Here’s Why

Shares of Invinity Energy Systems plc (LON:IES) hit a new 52-week low during mid-day trading on Friday. The company traded as low as GBX 9.50 and last traded at GBX 10, with a volume of 1,531,919 shares trading hands. The stock had previously closed at GBX 10.20.

Invinity Energy Systems News Summary

Investors following IES have been watching these news items:

• Neutral Sentiment: The report notes a share-price decline but supplies no explanation or new company developments, so it offers little evidence of a fresh change in Invinity’s outlook. Invinity Energy Systems Shares Down 1.2% – Here’s What Happened
• Negative Sentiment: Market context remains weak: shares were recently around GBX 10, close to the 52-week low of GBX 9.50 and below their 50-day and 200-day moving averages. Invinity Energy Systems Price Performance

Analysts Set New Price Targets

Separately, Canaccord Genuity Group reiterated a “buy” rating and issued a GBX 60 target price on shares of Invinity Energy Systems in a report on Monday, September 21st. One analyst has rated the stock with a Buy rating. According to data from MarketBeat, the stock has an average rating of “Buy” and a consensus target price of GBX 60.

Invinity Energy Systems Price Performance

The company has a debt-to-equity ratio of 3.86, a current ratio of 2.81 and a quick ratio of 2.00. The firm has a market cap of £56.96 million, a P/E ratio of -2.08 and a beta of 0.89. The stock’s 50-day simple moving average is GBX 16.38 and its two-hundred day simple moving average is GBX 21.40.

Invinity Energy Systems (LON:IES) last announced its earnings results on Monday, September 21st. The company reported GBX (2.10) earnings per share for the quarter. Invinity Energy Systems had a negative net margin of 290.32% and a negative return on equity of 43.20%. Equities research analysts forecast that Invinity Energy Systems plc will post -9.40 earnings per share for the current fiscal year.

About Invinity Energy Systems

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.