ValuEngine downgraded shares of EnSync Inc (NYSEMKT:ESNC) from a sell rating to a strong sell rating in a research note published on Friday.

EnSync (NYSEMKT ESNC) opened at 0.395 on Friday. The company has a 50-day moving average price of $0.39 and a 200 day moving average price of $0.52. EnSync has a 52 week low of $0.31 and a 52 week high of $1.42. The company’s market cap is $18.96 million.

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About EnSync

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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