John H. Scribante Sells 37,100 Shares of Orion Energy Systems, Inc. (NASDAQ:OESX) Stock
Orion Energy Systems, Inc. (NASDAQ:OESX) insider John H. Scribante sold 37,100 shares of the company’s stock in a transaction that occurred on Monday, July 24th. The shares were sold at an average price of $1.07, for a total value of $39,697.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.
Orion Energy Systems, Inc. (NASDAQ OESX) traded down 4.50% during mid-day trading on Monday, reaching $1.06. The company’s stock had a trading volume of 24,491 shares. The firm has a 50 day moving average price of $1.27 and a 200 day moving average price of $1.68. Orion Energy Systems, Inc. has a 52-week low of $1.02 and a 52-week high of $2.57. The company’s market cap is $30.21 million.
Orion Energy Systems (NASDAQ:OESX) last posted its earnings results on Thursday, June 8th. The electronics maker reported ($0.26) 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 firm had revenue of $15.29 million for the quarter, compared to the consensus estimate of $15.18 million. Equities research analysts anticipate that Orion Energy Systems, Inc. will post ($0.25) earnings per share for the current year.
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OESX has been the topic of several research analyst reports. Craig Hallum lowered Orion Energy Systems from a “buy” rating to a “hold” rating in a research note on Wednesday, April 26th. Roth Capital set a $1.00 price objective on Orion Energy Systems and gave the company a “hold” rating in a research note on Wednesday, May 24th. ValuEngine lowered Orion Energy Systems from a “hold” rating to a “sell” rating in a research note on Thursday, May 25th. Zacks Investment Research upgraded Orion Energy Systems from a “sell” rating to a “hold” rating in a research note on Tuesday, April 11th. Finally, HC Wainwright restated a “buy” rating on shares of Orion Energy Systems in a research note on Sunday, May 28th. Two analysts have rated the stock with a sell rating, two have assigned a hold rating and one has assigned a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $1.75.
Several institutional investors have recently bought and sold shares of the company. Prudential Financial Inc. boosted its stake 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 worth $184,000 after buying an additional 800 shares during the period. Dimensional Fund Advisors LP boosted its stake 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 worth $948,000 after buying an additional 20,146 shares during the period. Renaissance Technologies LLC boosted its stake in Orion Energy Systems by 7.2% in the first quarter. Renaissance Technologies LLC now owns 807,500 shares of the electronics maker’s stock worth $1,599,000 after buying an additional 54,000 shares during the period. Finally, North Star Investment Management Corp. boosted its stake in Orion Energy Systems by 7.0% in the second quarter. North Star Investment Management Corp. now owns 2,830,964 shares of the electronics maker’s stock worth $3,624,000 after buying an additional 185,000 shares during the period. 45.31% of the stock is currently owned by hedge funds and other institutional investors.
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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