Orion Energy Systems (NASDAQ:OESX) Sees Unusually-High Trading Volume

Orion Energy Systems, Inc. (NASDAQ:OESX) saw strong trading volume on Thursday . 847,711 shares traded hands during mid-day trading, an increase of 190% from the previous session’s volume of 292,136 shares.The stock last traded at $3.20 and had previously closed at $2.96.

Several analysts recently issued reports on the stock. ValuEngine lowered shares of Orion Energy Systems from a “buy” rating to a “hold” rating in a research report on Wednesday, October 2nd. Zacks Investment Research raised shares of Orion Energy Systems from a “hold” rating to a “buy” rating and set a $3.00 price target on the stock in a research note on Thursday, October 3rd. Roth Capital downgraded shares of Orion Energy Systems from a “buy” rating to a “neutral” rating and set a $3.00 price target on the stock. in a research note on Friday, November 1st. TheStreet raised shares of Orion Energy Systems from a “d” rating to a “c” rating in a research note on Monday, August 5th. Finally, B. Riley began coverage on shares of Orion Energy Systems in a research note on Wednesday, September 4th. They issued a “buy” rating and a $4.00 target price on the stock. Two investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company. Orion Energy Systems currently has an average rating of “Buy” and an average target price of $3.63.

The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.08 and a current ratio of 1.48. The firm has a market capitalization of $89.48 million, a P/E ratio of -14.65 and a beta of 2.10. The business’s fifty day moving average price is $2.80 and its two-hundred day moving average price is $2.63.

Orion Energy Systems (NASDAQ:OESX) last posted its earnings results on Wednesday, November 6th. The electronics maker reported $0.22 earnings per share for the quarter, beating the consensus estimate of $0.07 by $0.15. The firm had revenue of $48.32 million during the quarter, compared to analyst estimates of $33.72 million. Orion Energy Systems had a net margin of 7.07% and a return on equity of 41.75%. Sell-side analysts predict that Orion Energy Systems, Inc. will post 0.36 earnings per share for the current year.

In other Orion Energy Systems news, COO Scott A. Green sold 95,642 shares of Orion Energy Systems stock in a transaction on Monday, November 11th. The shares were sold at an average price of $3.02, for a total transaction of $288,838.84. Following the sale, the chief operating officer now owns 526,697 shares of the company’s stock, valued at approximately $1,590,624.94. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, COO Scott A. Green sold 50,000 shares of Orion Energy Systems stock in a transaction on Wednesday, November 13th. The stock was sold at an average price of $2.95, for a total transaction of $147,500.00. Following the sale, the chief operating officer now directly owns 526,697 shares in the company, valued at approximately $1,553,756.15. The disclosure for this sale can be found here. 11.90% of the stock is owned by insiders.

A number of institutional investors and hedge funds have recently made changes to their positions in the business. North Star Investment Management Corp. boosted its stake in Orion Energy Systems by 4.7% during the 3rd quarter. North Star Investment Management Corp. now owns 4,090,585 shares of the electronics maker’s stock worth $11,658,000 after purchasing an additional 182,716 shares during the last quarter. Renaissance Technologies LLC boosted its position in shares of Orion Energy Systems by 36.6% during the 2nd quarter. Renaissance Technologies LLC now owns 1,633,936 shares of the electronics maker’s stock valued at $4,853,000 after acquiring an additional 437,601 shares during the last quarter. Vanguard Group Inc. increased its stake in Orion Energy Systems by 193.7% during the second quarter. Vanguard Group Inc. now owns 1,168,942 shares of the electronics maker’s stock worth $3,472,000 after purchasing an additional 770,884 shares during the period. Hillsdale Investment Management Inc. purchased a new stake in Orion Energy Systems during the second quarter worth about $899,000. Finally, BlackRock Inc. increased its stake in Orion Energy Systems by 781.8% during the second quarter. BlackRock Inc. now owns 156,609 shares of the electronics maker’s stock worth $465,000 after purchasing an additional 138,849 shares during the period. 35.16% of the stock is currently owned by institutional investors.

Orion Energy Systems Company Profile (NASDAQ:OESX)

Orion Energy Systems, Inc researches, designs, develops, manufactures, implements, markets, and sells energy management systems for the commercial office and retail, area lighting, and industrial markets in North America. The company operates in three segments: Orion U.S. Markets Division, Orion Engineered Systems Division, and Orion Distribution Services Division.

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