Orion Energy Systems, Inc. (NASDAQ:OESX) insider John H. Scribante sold 40,000 shares of the company’s stock in a transaction dated Tuesday, August 8th. The stock was sold at an average price of $0.99, for a total transaction of $39,600.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Orion Energy Systems, Inc. (NASDAQ:OESX) traded down 3.980% on Wednesday, hitting $0.965. 31,741 shares of the stock were exchanged. Orion Energy Systems, Inc. has a 12 month low of $0.95 and a 12 month high of $2.57. The stock’s market cap is $27.50 million. The company has a 50-day moving average of $1.21 and a 200-day moving average of $1.62.

Orion Energy Systems (NASDAQ:OESX) last released its quarterly earnings data on Friday, August 4th. The electronics maker reported ($0.17) earnings per share for the quarter, missing the consensus estimate of ($0.13) by $0.04. Orion Energy Systems had a negative net margin of 23.70% and a negative return on equity of 37.61%. The company had revenue of $12.56 million for the quarter, compared to analysts’ expectations of $15.94 million. On average, equities analysts predict that Orion Energy Systems, Inc. will post ($0.36) EPS for the current year.

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Several hedge funds and other institutional investors have recently added to or reduced their stakes in OESX. Prudential Financial Inc. boosted its position 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 during the last quarter. Dimensional Fund Advisors LP boosted its position 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 during the last quarter. Renaissance Technologies LLC boosted its position 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 during the last quarter. IFC Holdings Incorporated FL bought a new position in Orion Energy Systems during the second quarter valued at $128,000. Finally, North Star Investment Management Corp. boosted its position 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 during the last quarter. 42.06% of the stock is owned by hedge funds and other institutional investors.

A number of equities research analysts have issued reports on OESX shares. HC Wainwright set a $2.00 price objective on shares of Orion Energy Systems and gave the stock a “buy” rating in a research report on Saturday, June 10th. Craig Hallum downgraded shares of Orion Energy Systems from a “buy” rating to a “hold” rating in a research report on Wednesday, April 26th. Zacks Investment Research raised shares of Orion Energy Systems from a “sell” rating to a “hold” rating in a research report on Tuesday, April 11th. Roth Capital set a $1.00 price objective on shares of Orion Energy Systems and gave the stock a “hold” rating in a research report on Wednesday, May 24th. Finally, ValuEngine raised shares of 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 assigned a hold rating and one has assigned a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average target price of $2.08.

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.

Insider Buying and Selling by Quarter for Orion Energy Systems (NASDAQ:OESX)

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