Orion Energy Systems, Inc. (NASDAQ:OESX) Insider John H. Scribante Sells 37,100 Shares

Orion Energy Systems, Inc. (NASDAQ:OESX) insider John H. Scribante sold 37,100 shares of the stock in a transaction dated Monday, July 24th. The stock was sold at an average price of $1.07, for a total transaction of $39,697.00. The transaction was disclosed in a legal filing with the SEC, which is available through this link.

Orion Energy Systems, Inc. (NASDAQ OESX) opened at 0.96 on Friday. The company’s 50 day moving average is $1.13 and its 200 day moving average is $1.56. Orion Energy Systems, Inc. has a 52-week low of $0.92 and a 52-week high of $2.57. The firm’s market cap is $27.61 million.

Orion Energy Systems (NASDAQ:OESX) last announced its quarterly earnings results on Friday, August 4th. The electronics maker reported ($0.17) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.13) by $0.04. Orion Energy Systems had a negative net margin of 23.70% and a negative return on equity of 37.61%. The business had revenue of $12.56 million during the quarter, compared to analysts’ expectations of $15.94 million. Equities research analysts forecast that Orion Energy Systems, Inc. will post ($0.38) EPS for the current fiscal year.

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Several research analysts recently weighed in on OESX shares. Roth Capital set a $1.00 price target on shares of Orion Energy Systems and gave the stock a “hold” rating in a research report on Wednesday, May 24th. ValuEngine downgraded shares of Orion Energy Systems from a “hold” rating to a “sell” rating in a research report on Thursday, May 25th. Craig Hallum downgraded shares of Orion Energy Systems from a “buy” rating to a “hold” rating in a research report on Wednesday, April 26th. HC Wainwright set a $3.00 price target on shares of Orion Energy Systems and gave the stock a “buy” rating in a research report on Monday, August 7th. Finally, Zacks Investment Research downgraded shares of Orion Energy Systems from a “hold” rating to a “sell” rating in a research report on Saturday, April 29th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and one has given a buy rating to the company. The company has an average rating of “Hold” and a consensus price target of $2.08.

Several institutional investors have recently bought and sold shares of OESX. New York State Common Retirement Fund raised its position in Orion Energy Systems by 11.3% in the second quarter. New York State Common Retirement Fund now owns 570,230 shares of the electronics maker’s stock worth $730,000 after buying an additional 57,799 shares in the last quarter. Prudential Financial Inc. raised its position in Orion Energy Systems by 11.1% in the second quarter. Prudential Financial Inc. now owns 103,000 shares of the electronics maker’s stock worth $132,000 after buying an additional 10,300 shares in the last quarter. IFC Holdings Incorporated FL purchased a new position in Orion Energy Systems during the second quarter worth $128,000. North Star Investment Management Corp. raised its position in 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 in the last quarter. Finally, Renaissance Technologies LLC raised its position in Orion Energy Systems by 7.2% in the first quarter. Renaissance Technologies LLC now owns 807,500 shares of the electronics maker’s stock worth $1,599,000 after buying an additional 54,000 shares in the last quarter. 42.06% of the stock is owned by institutional investors and hedge funds.

Orion Energy Systems Company Profile

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.

Insider Buying and Selling by Quarter for Orion Energy Systems (NASDAQ:OESX)

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