Orion Energy Systems (NASDAQ:OESX) PT Lowered to $3.00 at HC Wainwright

Orion Energy Systems (NASDAQ:OESXFree Report) had its target price trimmed by HC Wainwright from $7.00 to $3.00 in a report published on Thursday morning, Benzinga reports. They currently have a buy rating on the electronics maker’s stock.

Separately, StockNews.com started coverage on Orion Energy Systems in a research report on Monday, February 5th. They set a hold rating on the stock.

View Our Latest Report on OESX

Orion Energy Systems Trading Down 3.3 %

NASDAQ OESX opened at $1.04 on Thursday. The business’s 50-day moving average price is $0.98 and its two-hundred day moving average price is $1.17. Orion Energy Systems has a 12 month low of $0.81 and a 12 month high of $2.14. The firm has a market capitalization of $33.70 million, a PE ratio of -1.78 and a beta of 1.66. The company has a current ratio of 1.49, a quick ratio of 0.86 and a debt-to-equity ratio of 0.48.

Orion Energy Systems (NASDAQ:OESXGet Free Report) last released its quarterly earnings results on Wednesday, February 7th. The electronics maker reported ($0.07) EPS for the quarter, beating analysts’ consensus estimates of ($0.12) by $0.05. Orion Energy Systems had a negative return on equity of 57.56% and a negative net margin of 21.44%. The firm had revenue of $25.97 million for the quarter, compared to analyst estimates of $26.16 million. On average, analysts expect that Orion Energy Systems will post -0.51 EPS for the current year.

Insider Activity at Orion Energy Systems

In other Orion Energy Systems news, insider Scott A. Green bought 53,300 shares of the business’s stock in a transaction that occurred on Thursday, November 30th. The shares were bought at an average price of $0.92 per share, for a total transaction of $49,036.00. Following the transaction, the insider now directly owns 830,060 shares in the company, valued at $763,655.20. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Insiders have acquired a total of 70,800 shares of company stock worth $65,086 in the last 90 days. Corporate insiders own 6.00% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in OESX. Kestra Private Wealth Services LLC purchased a new stake in shares of Orion Energy Systems in the first quarter worth approximately $39,000. Envestnet Asset Management Inc. purchased a new stake in shares of Orion Energy Systems in the second quarter worth approximately $26,000. Victory Capital Management Inc. purchased a new stake in shares of Orion Energy Systems in the fourth quarter worth approximately $61,000. Manatuck Hill Partners LLC purchased a new stake in shares of Orion Energy Systems during the fourth quarter valued at approximately $91,000. Finally, Susquehanna International Group LLP increased its position in shares of Orion Energy Systems by 130.5% during the first quarter. Susquehanna International Group LLP now owns 55,945 shares of the electronics maker’s stock valued at $114,000 after acquiring an additional 31,678 shares during the last quarter. 56.69% of the stock is owned by institutional investors and hedge funds.

Orion Energy Systems Company Profile

(Get Free Report)

Orion Energy Systems, Inc researches, designs, develops, manufactures, markets, sells, installs, and implements energy management systems for commercial office and retail, exterior area lighting, and industrial applications in North America. The company operates through three segments: Orion Services Group, Orion Distribution Services, and Orion U.S.

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