EnSync (ESNC) Shares Gap Up to $0.30
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, 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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