EnSync Inc (ESNC) Major Shareholder Jilun He Purchases 600,837 Shares
EnSync Inc (NYSEMKT:ESNC) major shareholder Jilun He bought 600,837 shares of the firm’s stock in a transaction on Monday, October 17th. The stock was purchased at an average cost of $1.27 per share, with a total value of $763,062.99. Following the completion of the acquisition, the insider now directly owns 6,436,666 shares of the company’s stock, valued at approximately $8,174,565.82. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Large shareholders that own more than 10% of a company’s stock are required to disclose their transactions with the SEC.
Jilun He also recently made the following trade(s):
- On Saturday, October 8th, Jilun He bought 667,316 shares of EnSync stock. The stock was purchased at an average cost of $1.07 per share, with a total value of $714,028.12.
- On Thursday, September 29th, Jilun He bought 1,306,737 shares of EnSync stock. The stock was purchased at an average cost of $0.94 per share, with a total value of $1,228,332.78.
EnSync Inc (NYSEMKT:ESNC) traded down 0.87% on Tuesday, hitting $1.14. 577,154 shares of the stock traded hands. The company’s market capitalization is $54.44 million. EnSync Inc has a 12 month low of $0.13 and a 12 month high of $1.42. The firm has a 50-day moving average price of $0.93 and a 200-day moving average price of $0.50.
Separately, Zacks Investment Research cut shares of EnSync from a “buy” rating to a “hold” rating in a report on Monday, July 4th.
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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