Orion Energy Systems, Inc. (NASDAQ:OESX) has been assigned a $3.00 target price by equities research analysts at HC Wainwright in a report released on Monday. The firm currently has a “buy” rating on the electronics maker’s stock. HC Wainwright’s price target would suggest a potential upside of 197.03% from the company’s current price.

Other equities analysts have also recently issued reports about the company. Roth Capital set a $1.00 price target on Orion Energy Systems and gave the stock a “hold” rating in a research note on Saturday, June 10th. Zacks Investment Research lowered Orion Energy Systems from a “hold” rating to a “sell” rating in a research report on Saturday, April 29th. Craig Hallum lowered Orion Energy Systems from a “buy” rating to a “hold” rating in a research report on Wednesday, April 26th. Finally, ValuEngine upgraded Orion Energy Systems from a “sell” rating to a “hold” rating in a research report on Tuesday, May 16th. Two investment analysts have rated the stock with a sell rating, two have given a hold rating and one has issued a buy rating to the company. The company has an average rating of “Hold” and an average price target of $2.08.

Shares of Orion Energy Systems (NASDAQ OESX) opened at 1.01 on Monday. The company’s market capitalization is $28.78 million. The company has a 50-day moving average price of $1.21 and a 200 day moving average price of $1.62. Orion Energy Systems has a one year low of $0.97 and a one year high of $2.57.

Orion Energy Systems (NASDAQ:OESX) last announced its quarterly earnings results on Friday, August 4th. The electronics maker reported ($0.17) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.13) by $0.04. The company had revenue of $12.56 million during the quarter, compared to analysts’ expectations of $15.94 million. Orion Energy Systems had a negative return on equity of 35.02% and a negative net margin of 23.70%. Equities analysts anticipate that Orion Energy Systems will post ($0.25) EPS for the current year.

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In related news, insider John H. Scribante sold 137,218 shares of Orion Energy Systems 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 SEC, which can be accessed through this link. Also, insider John H. Scribante sold 37,100 shares of Orion Energy Systems stock in a transaction that occurred on Monday, July 24th. The shares were sold at an average price of $1.07, for a total value of $39,697.00. The disclosure for this sale can be found here. Over the last quarter, insiders bought 23,000 shares of company stock worth $31,140 and sold 508,996 shares worth $615,529. 9.20% of the stock is currently owned by company insiders.

Several large investors have recently added to or reduced their stakes in OESX. IFC Holdings Incorporated FL purchased a new stake in Orion Energy Systems during the second quarter valued at $128,000. North Star Investment Management Corp. raised its stake in Orion Energy Systems by 7.0% in the second quarter. North Star Investment Management Corp. now owns 2,830,964 shares of the electronics maker’s stock valued at $3,624,000 after buying an additional 185,000 shares in the last quarter. Renaissance Technologies LLC raised its stake in Orion Energy Systems by 7.2% in the first quarter. Renaissance Technologies LLC now owns 807,500 shares of the electronics maker’s stock valued at $1,599,000 after buying an additional 54,000 shares in the last quarter. Dimensional Fund Advisors LP raised its stake in Orion Energy Systems by 4.4% in the first quarter. Dimensional Fund Advisors LP now owns 478,694 shares of the electronics maker’s stock valued at $948,000 after buying an additional 20,146 shares in the last quarter. Finally, Prudential Financial Inc. raised its stake in Orion Energy Systems by 0.9% in the first quarter. Prudential Financial Inc. now owns 92,700 shares of the electronics maker’s stock valued at $184,000 after buying an additional 800 shares in the last quarter. Institutional investors own 42.06% of the company’s stock.

Orion Energy Systems Company Profile

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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