Orion Energy Systems Inc. (NASDAQ:OESX) has been given a consensus broker rating score of 1.67 (Buy) from the three brokers that cover the company, Zacks Investment Research reports. One research analyst has rated the stock with a hold rating and two have assigned a strong buy rating to the company. Orion Energy Systems’ rating score has improved by 16.5% from three months ago as a result of a number of analysts’ ratings changes.
Analysts have set a 1-year consensus price objective of $2.27 for the company and are predicting that the company will post ($0.09) earnings per share for the current quarter, according to Zacks. Zacks has also given Orion Energy Systems an industry rank of 224 out of 265 based on the ratings given to related companies.
A number of brokerages recently commented on OESX. Zacks Investment Research raised shares of Orion Energy Systems from a “sell” rating to a “hold” rating in a research note on Thursday, August 18th. HC Wainwright reissued a “buy” rating on shares of Orion Energy Systems in a research note on Monday, July 18th. Finally, Rodman & Renshaw began coverage on shares of Orion Energy Systems in a research note on Monday, July 18th. They issued a “buy” rating and a $2.50 price objective on the stock.
In other news, Director Tryg C. Jacobson purchased 21,127 shares of the firm’s stock in a transaction on Friday, August 5th. The shares were bought at an average cost of $1.42 per share, with a total value of $30,000.34. Following the purchase, the director now directly owns 85,454 shares of the company’s stock, valued at $121,344.68. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 10.50% of the company’s stock.
Large investors have recently added to or reduced their stakes in the company. North Star Investment Management Corp. boosted its stake in Orion Energy Systems by 1.3% in the second quarter. North Star Investment Management Corp. now owns 2,084,668 shares of the company’s stock valued at $2,418,000 after buying an additional 27,000 shares in the last quarter. Adirondack Research & Management Inc. boosted its stake in Orion Energy Systems by 1.7% in the first quarter. Adirondack Research & Management Inc. now owns 1,323,153 shares of the company’s stock valued at $1,839,000 after buying an additional 21,538 shares in the last quarter. Renaissance Technologies LLC boosted its stake in Orion Energy Systems by 18.0% in the first quarter. Renaissance Technologies LLC now owns 412,400 shares of the company’s stock valued at $573,000 after buying an additional 62,800 shares in the last quarter. Thompson Davis & CO. Inc. purchased a new stake in Orion Energy Systems during the second quarter valued at about $189,000. Finally, Connors Investor Services Inc. boosted its stake in Orion Energy Systems by 21.2% in the second quarter. Connors Investor Services Inc. now owns 142,834 shares of the company’s stock valued at $166,000 after buying an additional 25,000 shares in the last quarter. 42.36% of the stock is currently owned by institutional investors.
Shares of Orion Energy Systems (NASDAQ:OESX) opened at 1.33 on Thursday. Orion Energy Systems has a 1-year low of $1.04 and a 1-year high of $2.50. The stock has a 50 day moving average of $1.34 and a 200-day moving average of $1.35. The stock’s market capitalization is $37.39 million.
Orion Energy Systems (NASDAQ:OESX) last issued its quarterly earnings data on Tuesday, August 2nd. The company reported ($0.11) EPS for the quarter, meeting the Zacks’ consensus estimate of ($0.11). The firm had revenue of $15.60 million for the quarter, compared to analysts’ expectations of $16.98 million. Orion Energy Systems had a negative net margin of 29.11% and a negative return on equity of 22.77%. The firm’s revenue was down 6.0% on a year-over-year basis. During the same period in the prior year, the company earned ($0.13) EPS. Equities research analysts predict that Orion Energy Systems will post ($0.30) earnings per share for the current fiscal year.
About Orion Energy Systems
Orion Energy Systems, Inc is a designer and manufacturer of lighting platforms. The Company researches, develops, designs, manufactures, markets, sells and implements energy management systems consisting primarily of commercial and industrial interior and exterior lighting systems, and related services.
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