Orion Energy Systems (OESX) Receives Coverage Optimism Rating of 0.09
Media headlines about Orion Energy Systems (NASDAQ:OESX) have trended somewhat positive recently, according to Accern. The research firm identifies negative and positive press coverage by analyzing more than twenty million news and blog sources. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Orion Energy Systems earned a media sentiment score of 0.09 on Accern’s scale. Accern also gave headlines about the electronics maker an impact score of 45.62310551821 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the near future.
These are some of the news headlines that may have effected Accern Sentiment Analysis’s scoring:
- ETFs with exposure to Orion Energy Systems, Inc. : August 31, 2017 (finance.yahoo.com)
- Orion Lighting Anticipates $10 Million in FY 2018 Revenue to Retrofit Seven Automotive Plants with Energy-Efficient LED Lighting Solutions (nasdaq.com)
- Orion Lighting Anticipates $10 Million in FY 2018 Revenue to Retrofit Seven Automotive Plants with Energy-Efficient LED Lighting Solutions (finance.yahoo.com)
- Orion Energy : 12 New Energy-Efficient LED Lighting Products Targeting Specific Needs of Commercial, Industrial and Retail Customers (4-traders.com)
A number of analysts have recently weighed in on OESX shares. HC Wainwright reissued a “buy” rating on shares of Orion Energy Systems in a research note on Sunday, May 28th. Roth Capital set a $1.00 price objective on Orion Energy Systems and gave the company a “hold” rating in a research note on Saturday, June 10th. Zacks Investment Research raised Orion Energy Systems from a “sell” rating to a “hold” rating in a research note on Thursday, August 10th. Finally, ValuEngine raised Orion Energy Systems from a “sell” rating to a “hold” rating in a research note on Tuesday, May 16th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and one has issued a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus target price of $2.08.
Shares of Orion Energy Systems (NASDAQ:OESX) opened at 1.08 on Friday. The stock’s market cap is $31.06 million. Orion Energy Systems has a 52 week low of $0.85 and a 52 week high of $2.57. The company has a 50-day moving average price of $0.99 and a 200-day moving average price of $1.45.
Orion Energy Systems (NASDAQ:OESX) last posted its quarterly earnings data on Friday, August 4th. The electronics maker reported ($0.17) earnings per share (EPS) for the quarter, missing the Zacks’ 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 business had revenue of $12.56 million for the quarter, compared to analysts’ expectations of $15.94 million. Equities analysts anticipate that Orion Energy Systems will post ($0.38) EPS for the current year.
In related news, insider John H. Scribante sold 137,218 shares of the business’s stock in a transaction 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 legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider John H. Scribante sold 40,000 shares of the business’s stock in a transaction on Tuesday, August 8th. The shares were 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. In the last 90 days, insiders have purchased 23,000 shares of company stock valued at $31,140 and have sold 548,996 shares valued at $655,129. 9.20% of the stock is owned by 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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