Orion Energy Systems, Inc. (NASDAQ:OESX) COO Scott A. Green purchased 50,000 shares of the business’s stock in a transaction on Friday, March 2nd. The stock was purchased at an average price of $0.90 per share, for a total transaction of $45,000.00. Following the acquisition, the chief operating officer now owns 375,157 shares of the company’s stock, valued at approximately $337,641.30. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.
Orion Energy Systems, Inc. (NASDAQ OESX) traded down $0.02 during mid-day trading on Wednesday, hitting $0.85. The stock had a trading volume of 107,920 shares, compared to its average volume of 107,552. Orion Energy Systems, Inc. has a 52 week low of $0.73 and a 52 week high of $2.10. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.27 and a current ratio of 1.78.
Orion Energy Systems (NASDAQ:OESX) last posted its earnings results on Wednesday, February 7th. The electronics maker reported ($0.05) earnings per share for the quarter, beating the Zacks’ consensus estimate of ($0.06) by $0.01. Orion Energy Systems had a negative return on equity of 57.15% and a negative net margin of 31.32%. The company had revenue of $17.26 million for the quarter, compared to analyst estimates of $18.55 million. equities research analysts anticipate that Orion Energy Systems, Inc. will post -0.49 EPS for the current fiscal year.
Separately, HC Wainwright set a $2.00 price target on Orion Energy Systems and gave the stock a “buy” rating in a report on Thursday, February 8th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and one has given a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average target price of $1.33.
Several hedge funds have recently bought and sold shares of the company. Ariel Investments LLC lifted its holdings in shares of Orion Energy Systems by 4.8% in the fourth quarter. Ariel Investments LLC now owns 5,267,011 shares of the electronics maker’s stock valued at $4,635,000 after purchasing an additional 239,596 shares in the last quarter. Renaissance Technologies LLC increased its position in shares of Orion Energy Systems by 13.4% during the fourth quarter. Renaissance Technologies LLC now owns 955,667 shares of the electronics maker’s stock valued at $841,000 after acquiring an additional 112,967 shares during the last quarter. Finally, New York State Common Retirement Fund increased its position in shares of Orion Energy Systems by 11.3% during 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 acquiring an additional 57,799 shares during the last quarter. Institutional investors own 43.62% of the company’s stock.
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.
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