EnSync Inc (ESNC) Major Shareholder Buys $1,228,332.78 in Stock
EnSync Inc (NYSEMKT:ESNC) major shareholder Jilun He acquired 1,306,737 shares of the stock in a transaction dated Thursday, September 29th. The shares were bought at an average cost of $0.94 per share, with a total value of $1,228,332.78. Following the transaction, the insider now directly owns 4,511,403 shares of the company’s stock, valued at $4,240,718.82. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Major shareholders that own more than 10% of a company’s stock are required to disclose their transactions with the SEC.
Shares of EnSync Inc (NYSEMKT:ESNC) opened at 0.9811 on Tuesday. EnSync Inc has a 52 week low of $0.13 and a 52 week high of $1.05. The firm’s market cap is $46.85 million. The firm has a 50-day moving average of $0.75 and a 200-day moving average of $0.44.
Separately, Zacks Investment Research downgraded shares of EnSync from a “buy” rating to a “hold” rating in a research report on Monday, July 4th.
EnSync Company Profile
EnSync, Inc, formerly ZBB Energy Corporation, develops, licenses, and manufactures energy management systems solutions serving the utility, commercial and industrial (C&I) building, utility, and off-grid markets. The Company develops and commercializes application solutions for advanced energy management systems critical to the transition from a coal-centric economy to one reliant on renewable energy sources.
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