EnSync (ESNC) PT Set at $2.00 by HC Wainwright

EnSync (NYSEAMERICAN:ESNC) has been given a $2.00 price target by stock analysts at HC Wainwright in a note issued to investors on Tuesday. The brokerage currently has a “buy” rating on the technology company’s stock.

Separately, Zacks Investment Research raised EnSync from a “hold” rating to a “buy” rating and set a $0.25 price objective on the stock in a report on Friday, September 28th.

Shares of ESNC stock opened at $0.21 on Tuesday. EnSync has a fifty-two week low of $0.18 and a fifty-two week high of $0.56.

EnSync (NYSEAMERICAN:ESNC) last announced its quarterly earnings data on Monday, November 12th. The technology company reported ($0.05) earnings per share for the quarter, meeting analysts’ consensus estimates of ($0.05). The firm had revenue of $2.74 million during the quarter, compared to analyst estimates of $3.40 million.

In related news, Director Theodore Stern bought 192,308 shares of the stock in a transaction dated Wednesday, September 5th. The shares were purchased at an average price of $0.26 per share, for a total transaction of $50,000.08. Following the completion of the purchase, the director now directly owns 784,579 shares of the company’s stock, valued at $203,990.54. The purchase was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

A hedge fund recently raised its stake in EnSync stock. ICM Asset Management Inc. WA boosted its holdings in shares of EnSync Inc (NYSEAMERICAN:ESNC) by 57.8% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 1,330,720 shares of the technology company’s stock after purchasing an additional 487,347 shares during the quarter. ICM Asset Management Inc. WA owned approximately 1.96% of EnSync worth $339,000 at the end of the most recent reporting period.

About EnSync

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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