EnSync Inc (NASDAQ:ESNC) has received an average broker rating score of 1.00 (Strong Buy) from the two analysts that cover the company, Zacks Investment Research reports. Two research analysts have rated the stock with a strong buy recommendation.

Brokerages have set a 1 year consensus target price of $1.50 for the company and are anticipating that the company will post ($0.08) earnings per share for the current quarter, according to Zacks. Zacks has also given EnSync an industry rank of 43 out of 265 based on the ratings given to related companies.

Separately, Zacks Investment Research raised EnSync from a “sell” rating to a “hold” rating in a report on Wednesday, July 12th.

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An institutional investor recently bought a new position in EnSync stock. ICM Asset Management Inc. WA bought a new stake in shares of EnSync Inc (NASDAQ:ESNC) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 497,800 shares of the company’s stock, valued at approximately $184,000. ICM Asset Management Inc. WA owned about 1.04% of EnSync as of its most recent SEC filing.

Shares of EnSync (NASDAQ:ESNC) opened at 0.37 on Thursday. The stock’s 50 day moving average price is $0.38 and its 200-day moving average price is $0.55. EnSync has a 52-week low of $0.31 and a 52-week high of $1.42. The firm’s market cap is $17.76 million.

EnSync (NASDAQ:ESNC) last issued its quarterly earnings data on Thursday, May 11th. The company reported ($0.09) EPS for the quarter, hitting analysts’ consensus estimates of ($0.09). The firm had revenue of $0.05 million during the quarter, compared to analyst estimates of $1.20 million. EnSync had a negative return on equity of 264.98% and a negative net margin of 9,073.13%. On average, analysts forecast that EnSync will post ($0.37) EPS for the current year.

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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