Insider Buying: Orion Energy Systems (NASDAQ:OESX) Director Acquires 1,054 Shares of Stock

Orion Energy Systems, Inc. (NASDAQ:OESX) Director Heather Wishart-Smith bought 1,054 shares of the firm’s stock in a transaction that occurred on Thursday, August 20th. The stock was purchased at an average price of $18.96 per share, with a total value of $19,983.84. Following the completion of the purchase, the director owned 11,405 shares in the company, valued at approximately $216,238.80. This trade represents a 10.18% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

Orion Energy Systems Price Performance

Shares of Orion Energy Systems stock traded up $1.16 on Monday, hitting $20.99. The company’s stock had a trading volume of 51,394 shares, compared to its average volume of 56,303. The company has a market capitalization of $85.85 million, a price-to-earnings ratio of -419.80 and a beta of 0.77. Orion Energy Systems, Inc. has a 1 year low of $6.21 and a 1 year high of $21.20. The company has a debt-to-equity ratio of 0.33, a quick ratio of 1.13 and a current ratio of 1.54. The firm has a fifty day moving average price of $12.66 and a 200-day moving average price of $11.11.

Orion Energy Systems (NASDAQ:OESX) last released its earnings results on Wednesday, August 5th. The electronics maker reported $0.47 EPS for the quarter, topping analysts’ consensus estimates of $0.07 by $0.40. The business had revenue of $25.74 million during the quarter, compared to analysts’ expectations of $23.56 million. Orion Energy Systems had a net margin of 0.04% and a return on equity of 11.66%. As a group, sell-side analysts anticipate that Orion Energy Systems, Inc. will post 0.23 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Orion Energy Systems

Several hedge funds and other institutional investors have recently bought and sold shares of OESX. Quadrature Capital Ltd acquired a new stake in shares of Orion Energy Systems in the fourth quarter valued at approximately $202,000. NewEdge Advisors LLC purchased a new stake in Orion Energy Systems during the fourth quarter worth $232,000. Marshall Wace LLP purchased a new stake in shares of Orion Energy Systems in the fourth quarter valued at about $706,000. Sei Investments Co. increased its position 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 worth $1,137,000 after buying an additional 69,387 shares in the last quarter. Finally, Renaissance Technologies LLC boosted its stake in shares of Orion Energy Systems by 32.4% during the 1st quarter. Renaissance Technologies LLC now owns 178,469 shares of the electronics maker’s stock worth $1,560,000 after purchasing an additional 43,693 shares during the last quarter. 52.59% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several analysts have recently weighed in on the stock. Weiss Ratings raised shares of Orion Energy Systems from a “sell (d-)” rating to a “sell (d+)” rating in a research note on Wednesday. Wall Street Zen raised Orion Energy Systems from a “buy” rating to a “strong-buy” rating in a research note on Saturday, August 8th. HC Wainwright reaffirmed a “buy” rating and issued a $30.00 price target on shares of Orion Energy Systems in a research note on Thursday, August 6th. Finally, Zacks Research upgraded Orion Energy Systems from a “strong sell” rating to a “strong-buy” rating in a report on Monday, August 10th. One research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $30.00.

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.