Favorable News Coverage Somewhat Unlikely to Affect EnSync (ESNC) Share Price
Media coverage about EnSync (NASDAQ:ESNC) has been trending positive on Sunday, according to Accern Sentiment Analysis. The research firm scores the sentiment of press coverage by reviewing more than 20 million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. EnSync earned a daily sentiment score of 0.26 on Accern’s scale. Accern also gave news articles about the company an impact score of 45.3370214082285 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the near term.
EnSync (NASDAQ ESNC) traded up 2.56% during trading on Friday, reaching $0.38. The company had a trading volume of 107,017 shares. The firm’s market capitalization is $18.24 million. EnSync has a 52 week low of $0.31 and a 52 week high of $1.42. The stock has a 50 day moving average price of $0.39 and a 200 day moving average price of $0.53.
Separately, Zacks Investment Research upgraded EnSync from a “sell” rating to a “hold” rating in a research report on Wednesday, July 12th.
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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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