EnSync (ESNC) Shares Up 8.8%

EnSync Inc (NYSEAMERICAN:ESNC) shares shot up 8.8% during trading on Tuesday . The company traded as high as $0.10 and last traded at $0.10. 1,671,549 shares were traded during trading, a decline of 49% from the average session volume of 3,255,137 shares. The stock had previously closed at $0.09.

A number of analysts have recently weighed in on ESNC shares. Zacks Investment Research cut shares of EnSync from a “buy” rating to a “hold” rating in a research note on Tuesday, January 15th. HC Wainwright set a $2.00 price objective on shares of EnSync and gave the stock a “buy” rating in a research note on Thursday, December 13th.

An institutional investor recently raised its position in EnSync stock. Sheaff Brock Investment Advisors LLC raised its holdings in shares of EnSync Inc (NYSEAMERICAN:ESNC) by 55.3% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 350,000 shares of the technology company’s stock after purchasing an additional 124,628 shares during the period. Sheaff Brock Investment Advisors LLC owned 0.51% of EnSync worth $63,000 as of its most recent filing with the Securities and Exchange Commission.

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EnSync Company Profile (NYSEAMERICAN:ESNC)

EnSync, Inc, together with its subsidiaries, develops, licenses, and manufactures energy management systems solutions for the residential and commercial energy systems, and independent utility energy systems markets in the United States and internationally. The company's products include Matrix energy management, an energy control system for the commercial and residential energy systems markets; Home Energy System for property developers and residential customers; and DER SuperModule system, a self-contained DER system that integrates with renewable generation, customer load, and grid interconnection for deploying the least expensive, highest value, and most reliable electricity.

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