EnSync Inc (ESNC) Coverage Initiated by Analysts at Roth Capital
Roth Capital began coverage on shares of EnSync Inc (NASDAQ:ESNC) in a report released on Tuesday morning, Marketbeat.com reports. The brokerage issued a buy rating and a $0.85 price objective on the stock.
Separately, Zacks Investment Research raised EnSync from a sell rating to a hold rating in a research report on Wednesday, July 12th.
Shares of EnSync (NASDAQ ESNC) opened at 0.54 on Tuesday. The company’s 50 day moving average price is $0.41 and its 200-day moving average price is $0.51. The firm’s market cap is $29.81 million. EnSync has a 1-year low of $0.31 and a 1-year high of $1.42.
An institutional investor recently bought a new position in EnSync stock. ICM Asset Management Inc. WA bought a new position in shares of EnSync Inc (NASDAQ:ESNC) during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund bought 497,800 shares of the company’s stock, valued at approximately $184,000. ICM Asset Management Inc. WA owned 1.04% of EnSync as of its most recent SEC filing.
EnSync Company Profile
EnSync, Inc is engaged in developing, licensing and manufacturing energy management systems solutions serving the commercial and industrial (C&I) building, utility, and off-grid markets. The Company develops and commercializes product and service solutions for the distributed energy generation market, including energy management systems, energy storage systems, applications, and Internet of energy platforms that link distributed energy resources with the grid network.
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