EnSync Inc (ESNC) Director Buys $11,756.80 in Stock
EnSync Inc (NYSEAMERICAN:ESNC) Director Richard A. Abdoo purchased 29,392 shares of the firm’s stock in a transaction that occurred on Thursday, November 16th. The shares were bought at an average cost of $0.40 per share, for a total transaction of $11,756.80. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.
EnSync Inc (NYSEAMERICAN ESNC) remained flat at $$0.40 on Thursday. The company had a trading volume of 54,300 shares, compared to its average volume of 165,442. EnSync Inc has a twelve month low of $0.31 and a twelve month high of $1.07.
A number of equities research analysts have weighed in on ESNC shares. Roth Capital started coverage on shares of EnSync in a report on Tuesday, September 19th. They set a “buy” rating and a $0.85 target price on the stock. ValuEngine lowered shares of EnSync from a “sell” rating to a “strong sell” rating in a report on Friday, September 1st. One research analyst has rated the stock with a sell rating, one has issued a hold rating and three have assigned a buy rating to the stock. EnSync has a consensus rating of “Hold” and an average target price of $1.45.
An institutional investor recently raised its position in EnSync stock. ICM Asset Management Inc. WA raised its position in EnSync Inc (NYSEAMERICAN:ESNC) by 47.8% during the third quarter, according to its most recent filing with the SEC. The firm owned 735,500 shares of the technology company’s stock after purchasing an additional 237,700 shares during the period. ICM Asset Management Inc. WA owned 1.32% of EnSync worth $379,000 as of its most recent filing with the SEC.
EnSync Company Profile
EnSync, Inc is engaged in developing, licensing and manufacturing energy management systems solutions serving the commercial and industrial (C&I) building, utility, and off-grid markets. The Company develops and commercializes product and service solutions for the distributed energy generation market, including energy management systems, energy storage systems, applications, and Internet of energy platforms that link distributed energy resources with the grid network.
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