Shares of EnSync Inc (NYSEAMERICAN:ESNC) traded down 7.1% during trading on Wednesday . The company traded as low as $0.39 and last traded at $0.39. 714,191 shares traded hands during trading, an increase of 6% from the average session volume of 673,596 shares. The stock had previously closed at $0.42.
Several brokerages recently issued reports on ESNC. Zacks Investment Research cut EnSync from a “buy” rating to a “hold” rating in a research report on Friday, January 5th. HC Wainwright set a $2.00 price target on EnSync and gave the company a “buy” rating in a research report on Friday, December 15th. One research analyst has rated the stock with a sell rating, one has given a hold rating and three have issued a buy rating to the company. The company presently has a consensus rating of “Hold” and an average price target of $1.21.
The stock has a market cap of $20.55, a PE ratio of -5.57 and a beta of 0.59.
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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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