EnSync (ESNC) PT Set at $2.00 by HC Wainwright

HC Wainwright set a $2.00 target price on EnSync (NYSEAMERICAN:ESNC) in a report published on Wednesday. The brokerage currently has a buy rating on the technology company’s stock.

Separately, Zacks Investment Research raised shares of EnSync from a hold rating to a buy rating and set a $0.50 price objective for the company in a research note on Friday, December 8th. One analyst has rated the stock with a sell rating, one has issued a hold rating and three have assigned a buy rating to the stock. EnSync presently has a consensus rating of Hold and a consensus target price of $1.21.

EnSync (NYSEAMERICAN:ESNC) opened at $0.39 on Wednesday. EnSync has a 1-year low of $0.31 and a 1-year high of $0.80. The company has a market cap of $21.77, a PE ratio of -19.50 and a beta of 0.59.

A hedge fund recently raised its stake in EnSync stock. ICM Asset Management Inc. WA grew its stake in shares of EnSync Inc (NYSEAMERICAN:ESNC) by 47.8% in the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 735,500 shares of the technology company’s stock after acquiring an additional 237,700 shares during the period. ICM Asset Management Inc. WA owned about 1.32% of EnSync worth $379,000 at the end of the most recent quarter.

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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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