EnSync Inc (NYSEMKT:ESNC) major shareholder Jilun He acquired 1,306,737 shares of the firm’s stock in a transaction that occurred on Thursday, September 29th. The shares were purchased at an average cost of $0.94 per share, with a total value of $1,228,332.78. Following the completion of the acquisition, the insider now owns 4,511,403 shares in the company, valued at approximately $4,240,718.82. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Large shareholders that own at least 10% of a company’s shares are required to disclose their sales and purchases with the SEC.
Shares of EnSync Inc (NYSEMKT:ESNC) opened at 0.9875 on Friday. The company’s market capitalization is $47.16 million. The firm has a 50-day moving average of $0.72 and a 200-day moving average of $0.43. EnSync Inc has a one year low of $0.13 and a one year high of $1.05.
Separately, Zacks Investment Research downgraded shares of EnSync from a “buy” rating to a “hold” rating in a report on Monday, July 4th.
EnSync Company Profile
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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