HC Wainwright set a $2.00 target price on EnSync (NYSEAMERICAN:ESNC) in a research note published on Wednesday. The firm currently has a buy rating on the technology company’s stock.

Separately, Zacks Investment Research cut EnSync from a buy rating to a hold rating in a research report on Monday, June 11th.

Shares of NYSEAMERICAN ESNC opened at $0.29 on Wednesday. EnSync has a 52-week low of $0.18 and a 52-week high of $0.58.

EnSync (NYSEAMERICAN:ESNC) last announced its quarterly earnings results on Tuesday, September 25th. The technology company reported ($0.07) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.05) by ($0.02). The company had revenue of $1.65 million for the quarter, compared to analyst estimates of $5.05 million. EnSync had a negative return on equity of 85.43% and a negative net margin of 53.88%.

In other EnSync news, Director Theodore Stern bought 192,308 shares of the stock in a transaction that occurred on Wednesday, September 5th. The shares were purchased at an average cost of $0.26 per share, for a total transaction of $50,000.08. Following the transaction, the director now directly owns 784,579 shares in the company, valued at $203,990.54. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

About EnSync

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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