Orion Energy Systems, Inc. (NASDAQ:OESX) insider John H. Scribante sold 11,068 shares of the firm’s stock in a transaction that occurred on Wednesday, July 19th. The stock was sold at an average price of $1.10, for a total value of $12,174.80. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.
Shares of Orion Energy Systems, Inc. (OESX) traded up 2.4438% on Friday, hitting $1.0899. The company’s stock had a trading volume of 13,534 shares. Orion Energy Systems, Inc. has a 1-year low of $1.02 and a 1-year high of $2.57. The company has a 50 day moving average of $1.27 and a 200 day moving average of $1.68. The firm’s market cap is $31.06 million.
Orion Energy Systems (NASDAQ:OESX) last announced its quarterly earnings results on Thursday, June 8th. The electronics maker reported ($0.26) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.16) by $0.10. The company had revenue of $15.29 million for the quarter, compared to analyst estimates of $15.18 million. Orion Energy Systems had a negative return on equity of 29.91% and a negative net margin of 17.50%. Equities analysts forecast that Orion Energy Systems, Inc. will post ($0.25) EPS for the current year.
A number of research analysts recently issued reports on OESX shares. Zacks Investment Research downgraded Orion Energy Systems from a “hold” rating to a “sell” rating in a research note on Saturday, April 29th. ValuEngine downgraded Orion Energy Systems from a “hold” rating to a “sell” rating in a research note on Thursday, May 25th. Craig Hallum downgraded Orion Energy Systems from a “buy” rating to a “hold” rating in a research note on Wednesday, April 26th. HC Wainwright restated a “buy” rating on shares of Orion Energy Systems in a research note on Sunday, May 28th. Finally, Roth Capital set a $1.00 price target on Orion Energy Systems and gave the stock a “hold” rating in a research note on Wednesday, May 24th. Two equities research analysts have rated the stock with a sell rating, two have issued a hold rating and one has assigned a buy rating to the stock. Orion Energy Systems currently has an average rating of “Hold” and a consensus target price of $1.75.
Hedge funds have recently made changes to their positions in the company. Renaissance Technologies LLC boosted its stake in shares of Orion Energy Systems by 16.7% in the fourth quarter. Renaissance Technologies LLC now owns 753,500 shares of the electronics maker’s stock worth $1,635,000 after buying an additional 107,800 shares during the last quarter. North Star Investment Management Corp. boosted its stake in shares of Orion Energy Systems by 7.0% in the second quarter. North Star Investment Management Corp. now owns 2,830,964 shares of the electronics maker’s stock worth $3,624,000 after buying an additional 185,000 shares during the last quarter. Dimensional Fund Advisors LP boosted its stake in shares of Orion Energy Systems by 4.4% in the first quarter. Dimensional Fund Advisors LP now owns 478,694 shares of the electronics maker’s stock worth $948,000 after buying an additional 20,146 shares during the last quarter. Finally, Prudential Financial Inc. boosted its stake in shares of Orion Energy Systems by 0.9% in the first quarter. Prudential Financial Inc. now owns 92,700 shares of the electronics maker’s stock worth $184,000 after buying an additional 800 shares during the last quarter. Institutional investors and hedge funds own 44.78% of the company’s stock.
About Orion Energy Systems
Orion Energy Systems, Inc is a designer and manufacturer of lighting platforms. The Company researches, develops, designs, manufactures, markets, sells and implements energy management systems consisting primarily of commercial and industrial interior and exterior lighting systems, and related services.
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