Zacks Investment Research downgraded shares of EnSync Inc (NYSEMKT:ESNC) from a hold rating to a sell rating in a research report report published on Thursday.

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. “

Shares of EnSync (NYSEMKT:ESNC) opened at 0.9252 on Thursday. EnSync has a 12 month low of $0.13 and a 12 month high of $1.42. The stock has a 50 day moving average price of $0.97 and a 200 day moving average price of $0.60. The firm’s market cap is $44.18 million.

EnSync (NYSEMKT:ESNC) last posted its quarterly earnings data on Thursday, November 10th. The company reported ($0.10) earnings per share for the quarter, missing the consensus estimate of ($0.08) by $0.02. The company had revenue of $7.70 million for the quarter, compared to analysts’ expectations of $7.30 million. On average, equities research analysts expect that EnSync will post ($0.26) EPS for the current year.

In other news, major shareholder Jilun He acquired 1,306,737 shares of the stock in a transaction that occurred on Thursday, September 29th. The stock was acquired at an average price of $0.94 per share, for a total transaction of $1,228,332.78. Following the transaction, the insider now directly owns 4,511,403 shares in the company, valued at $4,240,718.82. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

About EnSync

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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