EnSync (ESNC) Given a $2.00 Price Target at HC Wainwright
EnSync (NYSEAMERICAN:ESNC) received a $2.00 target price from equities research analysts at HC Wainwright in a note issued to investors on Friday. The firm presently has a “buy” rating on the technology company’s stock. HC Wainwright’s price objective suggests a potential upside of 354.55% from the company’s previous close.
A number of other analysts also recently issued reports on the company. Roth Capital initiated coverage on EnSync in a research report on Tuesday, September 19th. They issued a “buy” rating and a $0.85 price target for the company. ValuEngine downgraded EnSync from a “sell” rating to a “strong sell” rating in a research report on Friday, September 1st. Finally, Zacks Investment Research upgraded EnSync from a “hold” rating to a “buy” rating and set a $0.50 target price on the stock in a research note on Friday, December 8th. One research analyst has rated the stock with a sell rating and four have assigned a buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus target price of $1.09.
EnSync (ESNC) traded up $0.07 during midday trading on Friday, hitting $0.44. The stock had a trading volume of 1,443,500 shares, compared to its average volume of 180,059. EnSync has a 52-week low of $0.31 and a 52-week high of $0.86.
An institutional investor recently raised its position in EnSync stock. ICM Asset Management Inc. WA raised its stake in EnSync Inc (NYSEAMERICAN:ESNC) by 47.8% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 735,500 shares of the technology company’s stock after purchasing an additional 237,700 shares during the period. ICM Asset Management Inc. WA owned 1.32% of EnSync worth $379,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
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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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