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

EnSync (NYSEAMERICAN:ESNC) has been given a $2.00 target price by research analysts at HC Wainwright in a report issued on Wednesday. The firm currently has a “buy” rating on the technology company’s stock. HC Wainwright’s price target indicates a potential upside of 412.82% from the stock’s previous close.

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

Shares of EnSync (ESNC) traded down $0.03 during trading hours on Wednesday, reaching $0.39. 714,191 shares of the company were exchanged, compared to its average volume of 673,596. The firm has a market cap of $20.55, a PE ratio of -5.57 and a beta of 0.59. EnSync has a 12-month low of $0.31 and a 12-month high of $0.80.

A hedge fund recently raised its stake in EnSync stock. ICM Asset Management Inc. WA increased its stake in EnSync Inc (NYSEAMERICAN:ESNC) by 47.8% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 735,500 shares of the technology company’s stock after purchasing an additional 237,700 shares during the quarter. ICM Asset Management Inc. WA owned 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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