Insider Buying: EnSync Inc (ESNC) Major Shareholder Acquires 667,316 Shares of Stock
EnSync Inc (NYSEMKT:ESNC) major shareholder Jilun He bought 667,316 shares of the business’s stock in a transaction dated Saturday, October 8th. The stock was bought at an average price of $1.07 per share, for a total transaction of $714,028.12. Following the purchase, the insider now owns 5,191,543 shares in the company, valued at approximately $5,554,951.01. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Major shareholders that own more than 10% of a company’s stock are required to disclose their sales and purchases with the SEC.
Jilun He also recently made the following trade(s):
- On Thursday, September 29th, Jilun He bought 1,306,737 shares of EnSync stock. The stock was bought at an average price of $0.94 per share, for a total transaction of $1,228,332.78.
EnSync Inc (NYSEMKT:ESNC) traded down 1.4402% during midday trading on Tuesday, reaching $1.2592. 219,079 shares of the company traded hands. EnSync Inc has a 12 month low of $0.13 and a 12 month high of $1.30. The firm’s 50 day moving average price is $0.84 and its 200 day moving average price is $0.47. The firm’s market capitalization is $60.13 million.
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Separately, Zacks Investment Research lowered shares of EnSync from a “hold” rating to a “sell” rating in a research note on Thursday, September 15th.
EnSync, Inc, formerly ZBB Energy Corporation, develops, licenses, and manufactures energy management systems solutions serving the utility, commercial and industrial (C&I) building, utility, and off-grid markets. The Company develops and commercializes application solutions for advanced energy management systems critical to the transition from a coal-centric economy to one reliant on renewable energy sources.
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