Orion Energy Systems (NASDAQ:OESX) Stock: Insider J Per Brodin Purchases 2,000 Shares

Orion Energy Systems, Inc. (NASDAQ:OESX – Get Free Report) EVP J. Per Brodin acquired 2,000 shares of the firm’s stock in a transaction that occurred on Tuesday, November 10th. The shares were purchased at an average cost of $12.76 per share, with a total value of $25,520.00. Following the completion of the acquisition, the executive vice president owned 87,263 shares in the company, valued at $1,113,475.88. This trade represents a 2.35% increase in their position. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website.

Orion Energy Systems Stock Performance

NASDAQ:OESX opened at $13.59 on Thursday. Orion Energy Systems, Inc. has a 1 year low of $8.58 and a 1 year high of $31.65. The firm’s fifty day simple moving average is $24.10 and its 200 day simple moving average is $14.99. The company has a current ratio of 1.75, a quick ratio of 1.13 and a debt-to-equity ratio of 0.44. The firm has a market capitalization of $55.72 million, a PE ratio of 30.27 and a beta of 0.93.

More Orion Energy Systems News

These are some of the OESX news items that stood out recently:

  • Positive Sentiment: EVP J. Per Brodin bought 2,000 shares for $25,520, increasing his holdings by 2.35%. Insider buying may suggest confidence in the company. Insider purchase report
  • Neutral Sentiment: A report gave OESX short interest of zero shares. That figure does not point to significant short positioning, despite the report’s description of an increase. Short-interest report
  • Negative Sentiment: HC Wainwright trimmed its FY2029–FY2031 EPS estimates slightly. The firm kept its Buy rating and $30 target, but the reductions partially offset its improved FY2027 outlook. Analyst estimates

Analyst Ratings Changes

Several analysts recently weighed in on OESX shares. Craig Hallum restated a “buy” rating and set a $43.00 target price on shares of Orion Energy Systems in a research note on Tuesday, September 15th. Zacks Research downgraded Orion Energy Systems from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, September 8th. HC Wainwright reiterated a “buy” rating and set a $30.00 price target on shares of Orion Energy Systems in a report on Thursday, August 6th. Wall Street Zen cut Orion Energy Systems from a “strong-buy” rating to a “buy” rating in a research report on Saturday, November 7th. Finally, Weiss Ratings downgraded shares of Orion Energy Systems from a “hold (c-)” rating to a “sell (d-)” rating in a research note on Monday. Two research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $36.50.

Get Our Latest Analysis on OESX

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the stock. AIGH Capital Management LLC acquired a new stake in Orion Energy Systems during the third quarter worth about $12,414,000. Tieton Capital Management LLC bought a new position in Orion Energy Systems during the second quarter valued at about $3,326,000. Sei Investments Co. increased its stake in Orion Energy Systems by 114.3% during the first quarter. Sei Investments Co. now owns 130,101 shares of the electronics maker’s stock valued at $1,137,000 after acquiring an additional 69,387 shares during the period. Renaissance Technologies LLC raised its holdings in Orion Energy Systems by 32.4% in the 1st quarter. Renaissance Technologies LLC now owns 178,469 shares of the electronics maker’s stock valued at $1,560,000 after acquiring an additional 43,693 shares in the last quarter. Finally, NewEdge Advisors LLC raised its holdings in Orion Energy Systems by 60.1% in the 1st quarter. NewEdge Advisors LLC now owns 24,140 shares of the electronics maker’s stock valued at $211,000 after acquiring an additional 9,058 shares in the last quarter. Institutional investors and hedge funds own 52.59% of the company’s stock.

Orion Energy Systems Company Profile

(Get Free Report)

Orion Energy Systems, Inc. (NASDAQ: OESX) is an energy-efficiency technology company that designs, manufactures and delivers lighting and energy-management solutions for commercial and industrial facilities. Its offerings are intended to help organizations improve illumination, reduce energy consumption and modernize building operations. The company’s products and services include LED lighting fixtures and retrofit systems, intelligent lighting controls, and related energy-management technologies.

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