EnSync Inc (NYSEMKT:ESNC) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a research note issued to investors on Thursday.

According to Zacks, “EnSync, Inc. is a technology solutions company. It develops, licenses and manufactures energy management systems solutions. Its energy storage solutions are based upon zinc bromide rechargeable electrical energy storage technology and power electronics systems. The Company also offers systems which form various levels of micro-grids, hybrid vehicle control systems and power quality regulation solutions. In addition, the Company develops and commercializes energy management systems for off-grid applications. It serves utility, commercial and industrial building and off-grid markets. EnSync, Inc., formerly known as ZBB Energy Corporation, is headquartered in Menomonee Falls, Wisconsin. “

EnSync (NYSEMKT:ESNC) opened at 0.93 on Thursday. The firm’s market cap is $44.41 million. The firm has a 50-day moving average of $0.56 and a 200 day moving average of $0.38. EnSync has a 1-year low of $0.13 and a 1-year high of $1.00.

EnSync Company Profile

EnSync, Inc, formerly ZBB Energy Corporation, develops, licenses, and manufactures energy management systems solutions serving the utility, commercial and industrial (C&I) building, utility, and off-grid markets. The Company develops and commercializes application solutions for advanced energy management systems critical to the transition from a coal-centric economy to one reliant on renewable energy sources.

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