Shares of EnSync Inc (NYSEAMERICAN:ESNC) gapped up prior to trading on Monday . The stock had previously closed at $0.31, but opened at $0.30. EnSync shares last traded at $0.29, with a volume of 27305 shares trading hands.

A number of analysts have recently issued reports on the stock. Zacks Investment Research cut shares of EnSync from a “buy” rating to a “hold” rating in a research note on Tuesday, May 22nd. HC Wainwright set a $2.00 target price on shares of EnSync and gave the stock a “buy” rating in a research note on Wednesday, May 16th.

In other EnSync news, Director Theodore Stern acquired 192,308 shares of the company’s stock in a transaction on Wednesday, September 5th. The stock was acquired at an average price of $0.26 per share, for a total transaction of $50,000.08. Following the purchase, the director now directly owns 784,579 shares of the company’s stock, valued at $203,990.54. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

EnSync Company Profile (NYSEAMERICAN:ESNC)

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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