Brokerages Set $1.50 Target Price for EnSync Inc (ESNC)
EnSync Inc (NASDAQ:ESNC) has been assigned an average broker rating score of 1.00 (Strong Buy) from the two brokers that cover the stock, Zacks Investment Research reports. Two investment analysts have rated the stock with a strong buy rating.
Brokers have set a one year consensus target price of $1.50 for the company and are anticipating that the company will post ($0.08) EPS for the current quarter, according to Zacks. Zacks has also given EnSync an industry rank of 110 out of 265 based on the ratings given to its competitors.
Separately, Zacks Investment Research raised shares of EnSync from a “sell” rating to a “hold” rating in a report on Wednesday, July 12th.
EnSync (NASDAQ:ESNC) traded up 2.63% during midday trading on Friday, reaching $0.39. The company had a trading volume of 172,710 shares. The stock’s market capitalization is $18.72 million. The firm’s 50 day moving average is $0.39 and its 200 day moving average is $0.52. EnSync has a 1-year low of $0.31 and a 1-year high of $1.42.
An institutional investor recently bought a new position in EnSync stock. ICM Asset Management Inc. WA bought a new position in EnSync Inc (NASDAQ:ESNC) during the second quarter, according to its most recent 13F filing with the SEC. The firm bought 497,800 shares of the company’s stock, valued at approximately $184,000. ICM Asset Management Inc. WA owned approximately 1.04% of EnSync as of its most recent filing with the SEC.
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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