Orion Energy Systems, Inc. (NASDAQ:OESX – Get Free Report) Director Heather Wishart-Smith purchased 1,054 shares of the stock in a transaction on Thursday, August 20th. The shares were purchased at an average price of $18.96 per share, with a total value of $19,983.84. Following the acquisition, the director owned 11,405 shares in the company, valued at approximately $216,238.80. The trade was a 10.18% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.
Orion Energy Systems Stock Up 19.2%
Shares of NASDAQ OESX opened at $25.02 on Wednesday. The company’s 50 day moving average price is $13.22 and its 200-day moving average price is $11.24. The company has a debt-to-equity ratio of 0.33, a quick ratio of 1.13 and a current ratio of 1.54. Orion Energy Systems, Inc. has a 52-week low of $6.78 and a 52-week high of $25.70. The company has a market capitalization of $102.33 million, a P/E ratio of -500.40 and a beta of 0.77.
Orion Energy Systems (NASDAQ:OESX – Get Free Report) last posted its quarterly earnings data on Wednesday, August 5th. The electronics maker reported $0.47 earnings per share for the quarter, topping the consensus estimate of $0.07 by $0.40. Orion Energy Systems had a net margin of 0.04% and a return on equity of 11.66%. The company had revenue of $25.74 million during the quarter, compared to analysts’ expectations of $23.56 million. Equities analysts forecast that Orion Energy Systems, Inc. will post 0.23 earnings per share for the current year.
Institutional Investors Weigh In On Orion Energy Systems
Wall Street Analysts Forecast Growth
OESX has been the subject of several research analyst reports. Zacks Research raised Orion Energy Systems from a “strong sell” rating to a “strong-buy” rating in a research report on Monday, August 10th. Weiss Ratings upgraded Orion Energy Systems from a “sell (d-)” rating to a “sell (d+)” rating in a research report on Wednesday, August 19th. HC Wainwright reaffirmed a “buy” rating and set a $30.00 target price on shares of Orion Energy Systems in a research note on Thursday, August 6th. Finally, Wall Street Zen upgraded Orion Energy Systems from a “buy” rating to a “strong-buy” rating in a report on Saturday, August 8th. One analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $30.00.
View Our Latest Analysis on Orion Energy Systems
Orion Energy Systems Company Profile
Orion Energy Systems, Inc is a U.S.-based provider of energy-efficient lighting and building controls solutions. Founded in 1996 and headquartered in Manitowoc, Wisconsin, the company specializes in designing, manufacturing and deploying LED lighting fixtures and integrated energy management systems for commercial and industrial customers.
The company’s product portfolio includes a range of LED light fixtures, smart sensors, networked controls and cloud-based energy management software.
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