EnSync Inc (ESNC) Major Shareholder Jilun He Acquires 600,837 Shares of Stock
EnSync Inc (NYSEMKT:ESNC) major shareholder Jilun He acquired 600,837 shares of the company’s stock in a transaction on Monday, October 17th. The shares were purchased at an average cost of $1.27 per share, with a total value of $763,062.99. Following the completion of the purchase, the insider now directly owns 6,436,666 shares of the company’s stock, valued at $8,174,565.82. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Major shareholders that own at least 10% of a company’s stock are required to disclose their transactions with the SEC.
Jilun He also recently made the following trade(s):
- On Saturday, October 8th, Jilun He acquired 667,316 shares of EnSync stock. The shares were purchased at an average cost of $1.07 per share, with a total value of $714,028.12.
- On Thursday, September 29th, Jilun He acquired 1,306,737 shares of EnSync stock. The shares were purchased at an average cost of $0.94 per share, with a total value of $1,228,332.78.
Shares of EnSync Inc (NYSEMKT:ESNC) opened at 1.1389 on Wednesday. The stock’s 50 day moving average is $0.94 and its 200-day moving average is $0.51. The stock’s market capitalization is $54.38 million. EnSync Inc has a 52 week low of $0.13 and a 52 week high of $1.42.
Separately, Zacks Investment Research lowered shares of EnSync from a “buy” rating to a “hold” rating in a research note on Monday, July 4th.
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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