Orion Energy Systems, Inc. (NASDAQ:OESX) CFO William T. Hull acquired 39,278 shares of the firm’s stock in a transaction that occurred on Monday, June 11th. The shares were bought at an average price of $0.90 per share, with a total value of $35,350.20. Following the acquisition, the chief financial officer now directly owns 900,000 shares in the company, valued at $810,000. The acquisition was disclosed in a filing with the SEC, which is available through the SEC website.
OESX traded up $0.11 on Thursday, reaching $1.04. 206,627 shares of the company traded hands, compared to its average volume of 75,672. Orion Energy Systems, Inc. has a one year low of $0.70 and a one year high of $1.40. The firm has a market capitalization of $25.74 million, a price-to-earnings ratio of -2.74 and a beta of 1.06. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.78 and a quick ratio of 1.27.
Orion Energy Systems (NASDAQ:OESX) last posted its earnings results on Monday, June 4th. The electronics maker reported ($0.05) EPS for the quarter, beating analysts’ consensus estimates of ($0.07) by $0.02. The business had revenue of $15.06 million for the quarter, compared to the consensus estimate of $16.08 million. Orion Energy Systems had a negative net margin of 21.77% and a negative return on equity of 39.98%. equities analysts anticipate that Orion Energy Systems, Inc. will post -0.2 earnings per share for the current fiscal year.
A hedge fund recently raised its stake in Orion Energy Systems stock. Ariel Investments LLC raised its holdings in shares of Orion Energy Systems, Inc. (NASDAQ:OESX) by 4.8% during the fourth quarter, according to its most recent filing with the SEC. The firm owned 5,267,011 shares of the electronics maker’s stock after purchasing an additional 239,596 shares during the period. Ariel Investments LLC owned 18.21% of Orion Energy Systems worth $4,635,000 at the end of the most recent reporting period. 41.48% of the stock is owned by institutional investors.
About Orion Energy Systems
Orion Energy Systems, Inc researches, designs, develops, manufactures, implements, markets, and sells energy management systems for the commercial office and retail, area lighting, and industrial markets in North America. The company operates in three segments: Orion U.S. Markets Division, Orion Engineered Systems Division, and Orion Distribution Services Division.
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