EnSync Inc (ESNC) Issues Earnings Results, Misses Estimates By $0.02 EPS
EnSync Inc (NYSEMKT:ESNC) issued its earnings results on Thursday. The company reported ($0.10) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.08) by $0.02. The company earned $7.70 million during the quarter, compared to analysts’ expectations of $7.30 million.
EnSync (NYSEMKT:ESNC) opened at 0.78 on Friday. The firm’s market cap is $37.25 million. EnSync has a one year low of $0.13 and a one year high of $1.42. The company has a 50-day moving average price of $0.96 and a 200-day moving average price of $0.57.
In other news, major shareholder Jilun He bought 600,837 shares of the business’s stock in a transaction on Monday, October 17th. The stock was purchased at an average cost of $1.27 per share, for a total transaction of $763,062.99. Following the completion of the transaction, the insider now directly owns 6,436,666 shares of the company’s stock, valued at approximately $8,174,565.82. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.
Separately, Zacks Investment Research upgraded EnSync from a “sell” rating to a “hold” rating in a report on Wednesday.
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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