Rodman & Renshaw Initiates Coverage On EnSync Inc to Buy with Price Target $1.5

Rodman & Renshaw Initiates Coverage On EnSync Inc(ESNC). In a research note issued to the investors, the brokerage major Announces the price-target to $1.5 per share. The shares have been rated Buy. The rating by the stock financial advisor at Rodman & Renshaw was issued on Mar 28, 2017 in a research report to their Investors and Clients.

EnSync Inc (ESNC) shares turned negative on Fridays trading session with the shares closing down -0.001 points or -0.18% at a volume of 29,923. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $0.55. The peak price level was also seen at $0.55 while the days lowest was $0.5349. Finally the shares closed at $0.549. The 52-week high of the shares is $1.42 while the 52-week low is $0.13. According to the latest information available, the market cap of the company is $26 M.

EnSync Inc(ESNC) last announced its earnings results on Feb 14, 2017 for Fiscal Year 2017 and Q2.Company reported revenue of $1.737M. Analysts had an estimated revenue of $1.900M. Earnings per share were $-0.09. Analysts had estimated an EPS of $-0.07.

Several Insider Transactions has been reported to the SEC. On Mar 20, 2017, Manfred E Birnbaum (director) sold 24,172 shares at $0.57 per share price.Also, On Nov 23, 2016, Jilun He (10% owner) purchased 9,006,810 shares at $0.91 per share price.On Jun 30, 2016, Frederick Whisman (VP – Sales) purchased 3,935 shares at $0.34 per share price, according to the Form-4 filing with the securities and exchange commission.

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. The Company’s energy management systems are being developed to provide active energy synchronization for any or all direct current (DC) and alternating current (AC) inputs and outputs; prioritization and optimization of all generating assets without system controllers and complex algorithms and management of every power and energy storage application and asset in simultaneous operation. The Company’s products include Matrix energy management system advanced energy storage products and GridStrong distribution grid control.

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