EnSync (NYSEAMERICAN:ESNC) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a report issued on Friday.

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. “

Several other analysts have also recently issued reports on the stock. Roth Capital started coverage on shares of EnSync in a research note on Tuesday, September 19th. They set a “buy” rating and a $0.85 price objective for the company. HC Wainwright set a $2.00 price objective on shares of EnSync and gave the company a “buy” rating in a research note on Friday, December 15th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and three have issued a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $1.21.

Shares of EnSync (NYSEAMERICAN:ESNC) opened at $0.46 on Friday. EnSync has a 12 month low of $0.31 and a 12 month high of $0.80. The stock has a market cap of $25.38, a price-to-earnings ratio of -6.50 and a beta of 0.69.

An institutional investor recently raised its position in EnSync stock. ICM Asset Management Inc. WA lifted its holdings in shares of EnSync Inc (NYSEAMERICAN:ESNC) by 47.8% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 735,500 shares of the technology company’s stock after acquiring an additional 237,700 shares during the quarter. ICM Asset Management Inc. WA owned about 1.32% of EnSync worth $379,000 as of its most recent filing with the Securities and Exchange Commission.

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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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