Invinity Energy Systems Insider Adam Howard Purchases 134,333 Shares

On December 27th, Adam Howard, an insider at Invinity Energy Systems plc (LON:IES), acquired a significant number of shares from the company. Specifically, Howard purchased 134,333 shares at an average price of GBX 15, which is approximately $0.19 per share. This acquisition resulted in a total expenditure of £20,149.95, equivalent to about $25,282.25.

Market Performance of Invinity Energy Systems

As of Tuesday, the stock opened at GBX 15.80, translating to around $0.20. Currently, Invinity Energy Systems boasts a solid financial position, with a current ratio of 6.96, a quick ratio of 2.00, and a debt-to-equity ratio of 2.28. The company's 50-day moving average stands at GBX 14.46, while the 200-day moving average is at GBX 16.57. Over the past year, the stock has experienced a fluctuation, with a low of GBX 8.50 ($0.11) and a high of GBX 37 ($0.46). Today, the firm holds a market capitalization of £69.61 million and exhibits a P/E ratio of -175.56 with a beta of 2.24.

Recent Analyst Recommendations

Several analysts have recently commented on the shares of Invinity Energy Systems. Notably, Canaccord Genuity Group has maintained a "buy" rating and set a target price of GBX 40 (around $0.50) for the company's shares. This report was released on December 4th, indicating a positive outlook for the stock.

Overview of Invinity Energy Systems

Invinity Energy Systems plc specializes in the manufacturing and sale of vanadium flow batteries (VFB) tailored for energy storage solutions across various regions, including the United Kingdom, Canada, the United States, Australia, and China. In addition to battery systems, the company offers a range of electric-related services. Its products serve a broad spectrum of applications, catering to utilities, commercial and industrial clients, as well as off-grid and microgrid projects.

Invinity, Shares, Acquisition