Orion Energy Systems, Inc. (NASDAQ:OESX) insider John H. Scribante sold 18,376 shares of the firm’s stock in a transaction dated Wednesday, July 26th. The stock was sold at an average price of $1.04, for a total transaction of $19,111.04. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Shares of Orion Energy Systems, Inc. (NASDAQ:OESX) remained flat at $1.03 during midday trading on Thursday. 22,274 shares of the company traded hands. Orion Energy Systems, Inc. has a 12 month low of $1.00 and a 12 month high of $2.57. The company has a 50 day moving average of $1.24 and a 200-day moving average of $1.65. The firm’s market capitalization is $29.35 million.

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

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A number of hedge funds and other institutional investors have recently modified their holdings of the stock. North Star Investment Management Corp. raised its position in shares of 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 worth $5,239,000 after buying an additional 400,959 shares during the last quarter. Renaissance Technologies LLC raised its position in shares of Orion Energy Systems by 16.7% in the fourth quarter. Renaissance Technologies LLC now owns 753,500 shares of the electronics maker’s stock worth $1,635,000 after buying an additional 107,800 shares during the last quarter. Dimensional Fund Advisors LP raised its position in shares of 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 last quarter. Finally, Prudential Financial Inc. raised its position in shares of 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 last quarter. Institutional investors and hedge funds own 45.31% of the company’s stock.

OESX has been the subject of several recent research reports. Craig Hallum lowered shares of Orion Energy Systems from a “buy” rating to a “hold” rating in a report on Wednesday, April 26th. Roth Capital set a $1.00 target price on shares of Orion Energy Systems and gave the company a “hold” rating in a report on Wednesday, May 24th. ValuEngine lowered shares of Orion Energy Systems from a “hold” rating to a “sell” rating in a report on Thursday, May 25th. Zacks Investment Research upgraded shares of Orion Energy Systems from a “sell” rating to a “hold” rating in a report on Tuesday, April 11th. Finally, HC Wainwright reiterated a “buy” rating on shares of Orion Energy Systems in a report on Sunday, May 28th. 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. The stock presently has a consensus rating of “Hold” and a consensus price target of $1.75.

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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