Insider Selling: Orion Energy Systems, Inc. (NASDAQ:OESX) COO Sells 148,473 Shares of Stock

Orion Energy Systems, Inc. (NASDAQ:OESX) COO Scott A. Green sold 148,473 shares of the business’s stock in a transaction on Friday, November 15th. The stock was sold at an average price of $3.29, for a total transaction of $488,476.17. Following the completion of the sale, the chief operating officer now owns 476,697 shares in the company, valued at approximately $1,568,333.13. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

NASDAQ OESX traded up $0.42 on Monday, hitting $3.79. 1,528,000 shares of the stock were exchanged, compared to its average volume of 299,359. 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 stock has a fifty day moving average price of $2.80 and a two-hundred day moving average price of $2.63. The firm has a market capitalization of $96.74 million, a P/E ratio of -16.48 and a beta of 2.10. Orion Energy Systems, Inc. has a 52-week low of $0.53 and a 52-week high of $3.84.

Orion Energy Systems (NASDAQ:OESX) last posted its quarterly earnings data on Wednesday, November 6th. The electronics maker reported $0.22 EPS for the quarter, topping the consensus estimate of $0.07 by $0.15. The company 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 expect that Orion Energy Systems, Inc. will post 0.36 earnings per share for the current fiscal year.

Several research firms have commented on OESX. TheStreet raised shares of Orion Energy Systems from a “d” rating to a “c” rating in a research note on Monday, August 5th. B. Riley began coverage on shares of Orion Energy Systems in a research note on Wednesday, September 4th. They set a “buy” rating and a $4.00 price objective for the company. ValuEngine lowered shares of Orion Energy Systems from a “buy” rating to a “hold” rating in a research note 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 objective for the company in a research note on Thursday, October 3rd. Finally, Roth Capital lowered shares of Orion Energy Systems from a “buy” rating to a “neutral” rating and set a $3.00 price objective for the company. in a research note on Friday, November 1st. Two research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. The company presently has an average rating of “Buy” and an average price target of $3.63.

A number of hedge funds and other institutional investors have recently bought and sold shares of OESX. Vanguard Group Inc. boosted 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 buying an additional 770,884 shares during the period. Renaissance Technologies LLC boosted its stake in shares of Orion Energy Systems by 36.6% during the second quarter. Renaissance Technologies LLC now owns 1,633,936 shares of the electronics maker’s stock valued at $4,853,000 after purchasing an additional 437,601 shares during the period. North Star Investment Management Corp. boosted its stake in shares of Orion Energy Systems by 10.6% during the second quarter. North Star Investment Management Corp. now owns 3,907,869 shares of the electronics maker’s stock valued at $11,606,000 after purchasing an additional 373,569 shares during the period. Hillsdale Investment Management Inc. purchased a new stake in shares of Orion Energy Systems during the second quarter valued at $899,000. Finally, Worth Venture Partners LLC purchased a new stake in shares of Orion Energy Systems during the second quarter valued at $460,000. 37.92% of the stock is owned by institutional investors.

About Orion Energy Systems

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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