Enersys (ENS) manufactures, markets, and distributes industrial batteries and related products. It also offers related direct current power products, including chargers, electronic power equipment, and various battery accessories. Its motive power batteries are used for industrial forklift trucks, mining equipment, railroad equipment and by material handling equipment dealers and original equipment manufacturers (OEMs), as well as by end users, such as manufacturers, distributors, warehouse operators, retailers, airports, mine operators, and railroads.
Positive signs are:
- Reaching a new four month high.
- Strong break above the 50 day moving average.
- Increasing average daily volume.
- Heavy fund ownership.
- Low P/E (approx 6.23).
ENS is trading this morning at about 12.46 and could reach the twelve month estimated target of 15.