Orion Energy Systems (NASDAQ:OESX) Receives Coverage Optimism Score of 0.05

Media stories about Orion Energy Systems (NASDAQ:OESX) have been trending somewhat positive this week, according to Accern Sentiment Analysis. Accern identifies positive and negative press coverage by reviewing more than 20 million news and blog sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores closest to one being the most favorable. Orion Energy Systems earned a media sentiment score of 0.05 on Accern’s scale. Accern also gave media coverage about the electronics maker an impact score of 44.6033707841824 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the near future.

Orion Energy Systems (NASDAQ:OESX) traded up 3.37% during mid-day trading on Friday, reaching $0.92. The company had a trading volume of 13,567 shares. Orion Energy Systems has a 12-month low of $0.86 and a 12-month high of $2.57. The stock has a 50 day moving average price of $1.08 and a 200-day moving average price of $1.52. The stock’s market capitalization is $26.46 million.

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

OESX has been the topic of a number of research analyst reports. Craig Hallum cut Orion Energy Systems from a “buy” rating to a “hold” rating in a research note on Wednesday, April 26th. Zacks Investment Research lowered Orion Energy Systems from a “hold” rating to a “sell” rating in a report on Saturday, April 29th. ValuEngine raised Orion Energy Systems from a “sell” rating to a “hold” rating in a report on Tuesday, May 16th. Roth Capital set a $1.00 target price on Orion Energy Systems and gave the stock a “hold” rating in a report on Wednesday, May 24th. Finally, HC Wainwright reissued a “buy” rating on shares of Orion Energy Systems in a report on Sunday, May 28th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and one has given a buy rating to the stock. Orion Energy Systems presently has a consensus rating of “Hold” and a consensus target price of $2.08.

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In other news, insider John H. Scribante sold 137,218 shares of the stock in a transaction dated Thursday, June 29th. The shares were sold at an average price of $1.27, for a total transaction of $174,266.86. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider John H. Scribante sold 40,000 shares of the company’s stock in a transaction dated Tuesday, August 8th. The stock was sold at an average price of $0.99, for a total transaction of $39,600.00. The disclosure for this sale can be found here. Over the last ninety days, insiders acquired 23,000 shares of company stock worth $31,140 and sold 548,996 shares worth $655,129. 9.20% of the stock is currently owned by corporate insiders.

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.

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

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