Orion Energy Systems, Inc. (NASDAQ:OESX) insider John H. Scribante sold 11,068 shares of the company’s stock in a transaction on Wednesday, July 19th. The shares were sold at an average price of $1.10, for a total value of $12,174.80. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

Shares of Orion Energy Systems, Inc. (OESX) traded down 1.79% during midday trading on Wednesday, hitting $1.08. The stock had a trading volume of 21,582 shares. Orion Energy Systems, Inc. has a one year low of $1.07 and a one year high of $2.57. The firm’s 50-day moving average price is $1.29 and its 200-day moving average price is $1.69. The firm’s market capitalization is $30.78 million.

Orion Energy Systems (NASDAQ:OESX) last posted its quarterly earnings results on Thursday, June 8th. The electronics maker reported ($0.26) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.16) by $0.10. Orion Energy Systems had a negative return on equity of 29.91% and a negative net margin of 17.50%. The company had revenue of $15.29 million during the quarter, compared to the consensus estimate of $15.18 million. On average, equities analysts predict that Orion Energy Systems, Inc. will post ($0.25) EPS for the current year.

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Several equities research analysts have recently commented on the company. Zacks Investment Research raised Orion Energy Systems from a “sell” rating to a “hold” rating in a report on Friday, March 31st. Craig Hallum downgraded Orion Energy Systems from a “buy” rating to a “hold” rating in a report on Wednesday, April 26th. ValuEngine raised Orion Energy Systems from a “sell” rating to a “hold” rating in a report on Tuesday, May 16th. HC Wainwright reaffirmed a “buy” rating on shares of Orion Energy Systems in a report on Sunday, May 28th. Finally, Roth Capital set a $1.00 target price on Orion Energy Systems and gave the company a “hold” rating in a report on Wednesday, May 24th. Two investment analysts have rated the stock with a sell rating, two have assigned a hold rating and one has issued a buy rating to the company’s stock. Orion Energy Systems has a consensus rating of “Hold” and an average target price of $1.75.

Hedge funds and other institutional investors have recently bought and sold shares of the company. Renaissance Technologies LLC raised its position in Orion Energy Systems by 16.7% in the fourth quarter. Renaissance Technologies LLC now owns 753,500 shares of the electronics maker’s stock valued at $1,635,000 after buying an additional 107,800 shares in the last quarter. North Star Investment Management Corp. raised its position in Orion Energy Systems by 17.9% in the first quarter. North Star Investment Management Corp. now owns 2,645,964 shares of the electronics maker’s stock valued at $5,239,000 after buying an additional 400,959 shares in the last quarter. Prudential Financial Inc. raised its position in Orion Energy Systems by 0.9% in the first quarter. Prudential Financial Inc. now owns 92,700 shares of the electronics maker’s stock valued at $184,000 after buying an additional 800 shares in the last quarter. Finally, 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. Institutional investors and hedge funds own 44.78% 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.

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

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