Orion Energy Systems, Inc. (NASDAQ:OESX - Get Free Report) Director Heather Wishart-Smith purchased 1,054 shares of the company's stock in a transaction that occurred on Thursday, August 20th. The shares were purchased at an average cost of $18.96 per share, with a total value of $19,983.84. Following the completion of the purchase, the director owned 11,405 shares in the company, valued at $216,238.80. This trade represents a 10.18% increase in their position. The purchase was disclosed in a document filed with the SEC, which is available at this link.
Orion Energy Systems Stock Performance
Shares of NASDAQ:OESX opened at $20.99 on Tuesday. The company has a current ratio of 1.54, a quick ratio of 1.13 and a debt-to-equity ratio of 0.33. Orion Energy Systems, Inc. has a 12 month low of $6.21 and a 12 month high of $21.20. The company has a market capitalization of $85.85 million, a price-to-earnings ratio of -419.80 and a beta of 0.77. The firm's 50-day moving average is $12.91 and its 200 day moving average is $11.16.
Orion Energy Systems (NASDAQ:OESX - Get Free Report) last announced its quarterly earnings data on Wednesday, August 5th. The electronics maker reported $0.47 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.07 by $0.40. Orion Energy Systems had a net margin of 0.04% and a return on equity of 11.66%. The business had revenue of $25.74 million during the quarter, compared to the consensus estimate of $23.56 million. Research analysts predict that Orion Energy Systems, Inc. will post 0.23 EPS for the current year.
Analysts Set New Price Targets
Several brokerages have commented on OESX. Wall Street Zen raised Orion Energy Systems from a "buy" rating to a "strong-buy" rating in a research report on Saturday, August 8th. Weiss Ratings upgraded Orion Energy Systems from a "sell (d-)" rating to a "sell (d+)" rating in a research report on Wednesday, August 19th. Zacks Research raised shares of Orion Energy Systems from a "strong sell" rating to a "strong-buy" rating in a research note on Monday, August 10th. Finally, HC Wainwright reissued a "buy" rating and set a $30.00 target price on shares of Orion Energy Systems in a research note on Thursday, August 6th. One analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and one has given a Sell rating to the company. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $30.00.
Get Our Latest Stock Report on Orion Energy Systems
Hedge Funds Weigh In On Orion Energy Systems
Institutional investors have recently bought and sold shares of the business. Tieton Capital Management LLC bought a new stake in shares of Orion Energy Systems in the 2nd quarter valued at about $3,326,000. North Star Investment Management Corp. raised its stake in shares of Orion Energy Systems by 29.0% during the 1st quarter. North Star Investment Management Corp. now owns 525,552 shares of the electronics maker's stock worth $4,593,000 after acquiring an additional 118,100 shares in the last quarter. Sei Investments Co. lifted its position in Orion Energy Systems by 114.3% during the first quarter. Sei Investments Co. now owns 130,101 shares of the electronics maker's stock valued at $1,137,000 after acquiring an additional 69,387 shares during the last quarter. Marshall Wace LLP purchased a new stake in Orion Energy Systems during the fourth quarter valued at approximately $706,000. Finally, Renaissance Technologies LLC boosted its stake in Orion Energy Systems by 32.4% in the first quarter. Renaissance Technologies LLC now owns 178,469 shares of the electronics maker's stock valued at $1,560,000 after acquiring an additional 43,693 shares in the last quarter. 52.59% of the stock is owned by hedge funds and other institutional investors.
Orion Energy Systems Company Profile
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Get Free Report)
Orion Energy Systems, Inc is a U.S.-based provider of energy-efficient lighting and building controls solutions. Founded in 1996 and headquartered in Manitowoc, Wisconsin, the company specializes in designing, manufacturing and deploying LED lighting fixtures and integrated energy management systems for commercial and industrial customers.
The company's product portfolio includes a range of LED light fixtures, smart sensors, networked controls and cloud-based energy management software.
Further Reading
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