Orion Energy Systems (OESX) Earning Somewhat Positive Press Coverage, Accern Reports
News headlines about Orion Energy Systems (NASDAQ:OESX) have been trending somewhat positive recently, Accern Sentiment reports. Accern ranks the sentiment of news coverage by monitoring more than twenty million blog and news sources in real time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Orion Energy Systems earned a coverage optimism score of 0.09 on Accern’s scale. Accern also assigned news headlines about the electronics maker an impact score of 44.6540086390057 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the near term.
Orion Energy Systems (NASDAQ OESX) opened at 0.92 on Tuesday. The stock’s 50 day moving average price is $1.12 and its 200 day moving average price is $1.54. Orion Energy Systems has a 12 month low of $0.90 and a 12 month high of $2.57. The company’s market capitalization is $26.46 million.
Orion Energy Systems (NASDAQ:OESX) last posted its earnings results on Friday, August 4th. The electronics maker reported ($0.17) EPS for the quarter, missing analysts’ consensus estimates of ($0.13) by $0.04. The firm 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 37.61% and a negative net margin of 23.70%. Equities research analysts anticipate that Orion Energy Systems will post ($0.38) earnings per share for the current fiscal year.
A number of equities analysts have weighed in on the company. Roth Capital set a $1.00 target price on Orion Energy Systems and gave the stock a “hold” rating in a research note on Saturday, June 10th. HC Wainwright set a $2.00 price objective on Orion Energy Systems and gave the company 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. 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. One research analyst has rated the stock with a sell rating, three have given a hold rating and one has assigned a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus price target of $2.08.
In related news, insider John H. Scribante sold 40,000 shares of the business’s stock in a transaction dated Tuesday, August 8th. The stock was sold at an average price of $0.99, for a total value of $39,600.00. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, insider John H. Scribante sold 49,500 shares of the business’s stock in a transaction dated Tuesday, August 1st. The stock was sold at an average price of $1.11, for a total value of $54,945.00. The disclosure for this sale can be found here. Over the last quarter, insiders purchased 23,000 shares of company stock worth $31,140 and sold 548,996 shares worth $655,129. 9.20% of the stock is currently owned by insiders.
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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