Theodore Stern Acquires 192,308 Shares of EnSync Inc (ESNC) Stock
EnSync Inc (NYSEAMERICAN:ESNC) Director Theodore Stern acquired 192,308 shares of the firm’s stock in a transaction on Wednesday, September 5th. The shares were bought at an average cost of $0.26 per share, for a total transaction of $50,000.08. Following the completion of the acquisition, the director now directly owns 784,579 shares of the company’s stock, valued at approximately $203,990.54. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.
NYSEAMERICAN ESNC traded up $0.04 during trading on Friday, reaching $0.32. 3,275,564 shares of the company traded hands, compared to its average volume of 304,142. EnSync Inc has a 1-year low of $0.26 and a 1-year high of $0.65.
A number of research firms have weighed in on ESNC. Zacks Investment Research downgraded EnSync from a “buy” rating to a “hold” rating in a report on Tuesday, July 17th. HC Wainwright set a $2.00 price objective on EnSync and gave the company a “buy” rating in a report on Wednesday, May 16th.
EnSync, Inc, together with its subsidiaries, develops, licenses, and manufactures energy management systems solutions for the commercial and industrial building, utility, and off-grid markets in the United States and internationally. The company's products include Matrix energy management, an energy control system for the commercial and industrial, and multi-tenant building markets; DER Flex Internet of energy control platform, a software platform that seamlessly connects to DERs and controls the flow of electricity, as well as offers aggregation and monetization opportunities for providing utility grid services; DER SuperModule system, a self-contained DER system that integrates with renewable generation, customer load, and grid interconnection for deploying the least expensive, highest value, and most reliable electricity; and Agile Hybrid advanced energy storage system, an energy storage system to deliver power and energy for behind-the-meter applications in commercial, industrial, multi-tenant, and resort buildings.
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