Headlines about Orion Energy Systems (NASDAQ:OESX) have trended somewhat positive recently, according to Accern. Accern identifies negative and positive news coverage by analyzing more than twenty million news and blog sources in real time. Accern ranks coverage of companies on a scale of -1 to 1, with scores closest to one being the most favorable. Orion Energy Systems earned a news sentiment score of 0.09 on Accern’s scale. Accern also assigned headlines about the electronics maker an impact score of 44.6540086390057 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the next several days.
A number of research analysts have recently commented on the company. ValuEngine raised Orion Energy Systems from a “sell” rating to a “hold” rating in a research note on Tuesday, May 16th. Roth Capital set a $1.00 target price on Orion Energy Systems and gave the company a “hold” rating in a research note on Saturday, June 10th. HC Wainwright set a $2.00 target price on Orion Energy Systems and gave the company a “buy” rating in a research note on Saturday, June 10th. Craig Hallum cut Orion Energy Systems from a “buy” rating to a “hold” rating in a research note on Wednesday, April 26th. Finally, Zacks Investment Research raised Orion Energy Systems from a “sell” rating to a “hold” rating in a research note on Thursday, August 10th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and one has issued a buy rating to the stock. Orion Energy Systems presently has an average rating of “Hold” and an average price target of $2.08.
Orion Energy Systems (OESX) opened at 0.92 on Tuesday. The company has a 50-day moving average price of $1.12 and a 200 day moving average price of $1.54. The company’s market cap is $26.46 million. Orion Energy Systems has a 52 week low of $0.90 and a 52 week high of $2.57.
Orion Energy Systems (NASDAQ:OESX) last posted its earnings results on Friday, August 4th. The electronics maker reported ($0.17) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.13) by $0.04. Orion Energy Systems had a negative net margin of 23.70% and a negative return on equity of 37.61%. The company had revenue of $12.56 million during the quarter, compared to analyst estimates of $15.94 million. On average, equities research analysts forecast that Orion Energy Systems will post ($0.38) EPS for the current fiscal year.
In related news, insider John H. Scribante sold 137,218 shares of Orion Energy Systems stock in a transaction that occurred on Thursday, June 29th. The shares were sold at an average price of $1.27, for a total value of $174,266.86. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider John H. Scribante sold 40,000 shares of Orion Energy Systems stock in a transaction that occurred on Tuesday, August 8th. The shares were sold at an average price of $0.99, for a total transaction of $39,600.00. The disclosure for this sale can be found here. In the last quarter, insiders purchased 23,000 shares of company stock valued at $31,140 and sold 548,996 shares valued at $655,129. 9.20% of the stock is currently owned by company insiders.
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Orion Energy Systems Company Profile
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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