EnSync (ESNC) Given a $2.00 Price Target at HC Wainwright
Separately, Zacks Investment Research upgraded EnSync from a hold rating to a buy rating and set a $0.25 target price for the company in a report on Friday, September 28th.
Shares of NYSEAMERICAN:ESNC opened at $0.20 on Tuesday. EnSync has a one year low of $0.18 and a one year high of $0.56.
In other EnSync news, Director Theodore Stern bought 192,308 shares of EnSync stock in a transaction dated Wednesday, September 5th. The stock was bought at an average price 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 $203,990.54. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website.
An institutional investor recently raised its position in EnSync stock. ICM Asset Management Inc. WA lifted its stake in EnSync Inc (NYSEAMERICAN:ESNC) by 57.8% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,330,720 shares of the technology company’s stock after acquiring an additional 487,347 shares during the quarter. ICM Asset Management Inc. WA owned approximately 1.96% of EnSync worth $339,000 as of its most recent filing with the Securities and Exchange Commission.
EnSync Company Profile
EnSync, Inc, together with its subsidiaries, develops, licenses, and manufactures energy management systems solutions for the residential and commercial energy systems, and independent utility energy systems markets in the United States and internationally. The company's products include Matrix energy management, an energy control system for the commercial and residential energy systems markets; Home Energy System for property developers and residential customers; and 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.
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