Orion Energy Systems, Inc. (NASDAQ:OESX) insider John H. Scribante sold 37,100 shares of the business’s 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 filing with the SEC, which is accessible through the SEC website.
Orion Energy Systems, Inc. (NASDAQ OESX) traded up 3.37% during mid-day trading on Friday, reaching $0.92. 13,567 shares of the company were exchanged. Orion Energy Systems, Inc. has a 12-month low of $0.86 and a 12-month high of $2.57. The stock’s market capitalization is $26.46 million. The company’s 50 day moving average price is $1.08 and its 200-day moving average price is $1.52.
Orion Energy Systems (NASDAQ:OESX) last released its quarterly earnings results on Friday, August 4th. The electronics maker reported ($0.17) EPS for the quarter, missing analysts’ consensus estimates of ($0.13) by $0.04. Orion Energy Systems had a negative return on equity of 37.61% and a negative net margin of 23.70%. The business had revenue of $12.56 million for the quarter, compared to the consensus estimate of $15.94 million. On average, equities research analysts forecast that Orion Energy Systems, Inc. will post ($0.38) earnings per share for the current fiscal year.
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A number of institutional investors have recently added to or reduced their stakes in OESX. IFC Holdings Incorporated FL acquired a new position in Orion Energy Systems during the second quarter worth approximately $128,000. 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 valued at $132,000 after buying an additional 10,300 shares in the last quarter. 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 valued at $730,000 after buying an additional 57,799 shares in the last quarter. Dimensional Fund Advisors LP raised its position in 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 valued at $948,000 after buying an additional 20,146 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 valued at $1,599,000 after buying an additional 54,000 shares in the last quarter. 45.19% of the stock is currently owned by institutional investors and hedge funds.
Several research analysts have recently issued reports on OESX shares. HC Wainwright set a $2.00 price objective on shares of Orion Energy Systems and gave the stock a “buy” rating in a report on Saturday, June 10th. Zacks Investment Research upgraded shares of Orion Energy Systems from a “sell” rating to a “hold” rating in a report on Thursday, August 10th. Craig Hallum downgraded shares of Orion Energy Systems from a “buy” rating to a “hold” rating in a report on Wednesday, April 26th. Roth Capital set a $1.00 target price on shares of Orion Energy Systems and gave the company a “hold” rating in a research note on Saturday, June 10th. Finally, ValuEngine raised shares of Orion Energy Systems from a “sell” rating to a “hold” rating in a research note on Tuesday, May 16th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and one has assigned a buy rating to the company’s stock. Orion Energy Systems presently has a consensus rating of “Hold” and an average price target of $2.08.
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.
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