Invinity Energy Systems (LON:IES) Posts Quarterly Earnings Results

Invinity Energy Systems (LON:IES) released its quarterly earnings results on Friday. The company reported GBX (6.70) (($0.09)) EPS for the quarter, Digital Look Earnings reports. Invinity Energy Systems had a negative return on equity of 37.72% and a negative net margin of 237.38%.

Invinity Energy Systems Trading Down 7.1%

IES opened at GBX 15.80 ($0.21) on Friday. The firm has a market cap of £69.11 million, a price-to-earnings ratio of -1.82 and a beta of 2.24. The company has a current ratio of 6.96, a quick ratio of 2.00 and a debt-to-equity ratio of 0.87. Invinity Energy Systems has a 12 month low of GBX 7.76 ($0.10) and a 12 month high of GBX 27 ($0.36). The stock has a fifty day moving average price of GBX 12.03 and a 200-day moving average price of GBX 12.96.

Analyst Upgrades and Downgrades

Separately, Canaccord Genuity Group reissued a “buy” rating and issued a GBX 40 ($0.54) price target on shares of Invinity Energy Systems in a research report on Friday.

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.