Orion Energy Systems, Inc. (NASDAQ:OESX) Director Sells $111,979.34 in Stock

Orion Energy Systems, Inc. (NASDAQ:OESX) Director Michael J. Potts sold 29,546 shares of Orion Energy Systems stock in a transaction on Friday, November 15th. The stock was sold at an average price of $3.79, for a total transaction of $111,979.34.

Shares of OESX stock opened at $3.79 on Tuesday. The company’s 50-day moving average price is $2.85 and its 200-day moving average price is $2.66. The company has a current ratio of 1.48, a quick ratio of 1.05 and a debt-to-equity ratio of 0.13. The stock has a market cap of $101.88 million, a price-to-earnings ratio of -16.48 and a beta of 2.10. Orion Energy Systems, Inc. has a twelve month low of $0.53 and a twelve month high of $3.84.

Orion Energy Systems (NASDAQ:OESX) last announced its quarterly 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 for the quarter, compared to analysts’ expectations of $33.72 million. Orion Energy Systems had a net margin of 7.07% and a return on equity of 41.75%. As a group, equities research analysts predict that Orion Energy Systems, Inc. will post 0.36 EPS for the current year.

Hedge funds have recently made changes to their positions in the company. Citadel Advisors LLC acquired a new position in shares of Orion Energy Systems during the 2nd quarter valued at about $32,000. Jane Street Group LLC acquired a new position in Orion Energy Systems in the second quarter valued at about $51,000. Susquehanna International Group LLP acquired a new position in Orion Energy Systems in the second quarter valued at about $59,000. Bailard Inc. acquired a new position in Orion Energy Systems in the second quarter valued at about $91,000. Finally, Royal Bank of Canada acquired a new position in Orion Energy Systems in the second quarter valued at about $108,000. 37.92% of the stock is currently owned by hedge funds and other institutional investors.

Several brokerages have issued reports on OESX. Roth Capital cut shares of Orion Energy Systems from a “buy” rating to a “neutral” rating and set a $3.00 target price 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 report on Monday, August 5th. ValuEngine cut 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 report on Thursday, October 3rd. Finally, B. Riley assumed coverage on shares of Orion Energy Systems in a research report on Wednesday, September 4th. They set a “buy” rating and a $4.00 price target on the stock. Two research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. Orion Energy Systems currently has a consensus rating of “Buy” and an average target price of $3.63.

Orion Energy Systems Company Profile

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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