Media coverage about Orion Energy Systems (NASDAQ:OESX) has been trending somewhat positive recently, according to Accern Sentiment. The research group identifies negative and positive news coverage by monitoring more than twenty million news and blog sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Orion Energy Systems earned a daily sentiment score of 0.09 on Accern’s scale. Accern also gave press coverage about the electronics maker an impact score of 45.3552673099251 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the immediate future.
Several analysts recently issued reports on OESX shares. Roth Capital set a $1.00 target price on Orion Energy Systems and gave the stock a “hold” rating in a research report on Saturday, June 10th. HC Wainwright set a $2.00 target price on Orion Energy Systems and gave the stock a “buy” rating in a research report on Saturday, June 10th. Zacks Investment Research upgraded Orion Energy Systems from a “sell” rating to a “hold” rating in a research report on Thursday, August 10th. Finally, ValuEngine cut Orion Energy Systems from a “sell” rating to a “strong sell” rating in a research report on Friday, September 1st. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and one has assigned a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average target price of $2.08.
Orion Energy Systems (OESX) opened at 1.14 on Wednesday. Orion Energy Systems has a 12-month low of $0.85 and a 12-month high of $2.57. The firm’s 50-day moving average price is $1.01 and its 200 day moving average price is $1.38. The stock’s market cap is $32.79 million.
Orion Energy Systems (NASDAQ:OESX) last posted its quarterly earnings data on Friday, August 4th. The electronics maker reported ($0.17) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.13) by ($0.04). Orion Energy Systems had a negative return on equity of 37.61% and a negative net margin of 23.70%. The firm had revenue of $12.56 million for the quarter, compared to analysts’ expectations of $15.94 million. Analysts anticipate that Orion Energy Systems will post ($0.38) EPS for the current year.
In other Orion Energy Systems news, insider John H. Scribante sold 137,218 shares of the business’s stock in a transaction that occurred on Thursday, June 29th. The stock was sold at an average price of $1.27, for a total transaction of $174,266.86. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider John H. Scribante sold 40,000 shares of the business’s stock in a transaction that occurred on Tuesday, August 8th. The stock was sold at an average price of $0.99, for a total value of $39,600.00. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 468,194 shares of company stock valued at $548,470. 9.20% of the stock is owned by company insiders.
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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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