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

Invinity Energy Systems (LON:IES) issued 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

Shares of IES stock traded up GBX 0.09 on Thursday, reaching GBX 18.59. 519,066 shares of the company were exchanged, compared to its average volume of 1,754,472. 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 debt-to-equity ratio of 3.86, a quick ratio of 2.00 and a current ratio of 2.81. The business has a 50-day moving average price of GBX 22.43 and a 200 day moving average price of GBX 23.66. The company has a market cap of £105.87 million, a price-to-earnings ratio of -3.65 and a beta of 1.00.

Analyst Upgrades and Downgrades

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