Orion Energy Systems, Inc. (NASDAQ:OESX) insider John H. Scribante sold 37,100 shares of the company’s stock in a transaction dated Monday, July 24th. The shares were sold at an average price of $1.07, for a total transaction of $39,697.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.

Orion Energy Systems, Inc. (NASDAQ OESX) traded up 3.37% during trading on Friday, reaching $0.92. 13,567 shares of the company’s stock traded hands. The company’s 50 day moving average is $1.08 and its 200-day moving average is $1.52. Orion Energy Systems, Inc. has a 52-week low of $0.86 and a 52-week high of $2.57. The stock’s market cap is $26.46 million.

Orion Energy Systems (NASDAQ:OESX) last announced its quarterly earnings results on Friday, August 4th. The electronics maker reported ($0.17) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 during the quarter, compared to analysts’ expectations of $15.94 million. On average, analysts anticipate that Orion Energy Systems, Inc. will post ($0.38) earnings per share for the current fiscal year.

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Several large investors have recently made changes to their positions in the company. North Star Investment Management Corp. increased its stake in shares of Orion Energy Systems by 17.9% in the first quarter. North Star Investment Management Corp. now owns 2,645,964 shares of the electronics maker’s stock worth $5,239,000 after buying an additional 400,959 shares during the last quarter. Renaissance Technologies LLC increased its stake in shares of Orion Energy Systems by 16.7% in the fourth quarter. Renaissance Technologies LLC now owns 753,500 shares of the electronics maker’s stock worth $1,635,000 after buying an additional 107,800 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. New York State Common Retirement Fund boosted its position in Orion Energy Systems by 11.3% in the second quarter. New York State Common Retirement Fund now owns 570,230 shares of the electronics maker’s stock valued at $730,000 after buying an additional 57,799 shares during the period. Finally, 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 period. 45.19% of the stock is currently owned by hedge funds and other institutional investors.

OESX has been the topic of a number of recent analyst reports. Craig Hallum lowered shares of Orion Energy Systems from a “buy” rating to a “hold” rating in a research report on Wednesday, April 26th. Roth Capital set a $1.00 target price on shares of Orion Energy Systems and gave the stock a “hold” rating in a research report on Wednesday, May 24th. ValuEngine lowered shares of Orion Energy Systems from a “hold” rating to a “sell” rating in a report on Thursday, May 25th. Zacks Investment Research downgraded shares of Orion Energy Systems from a “hold” rating to a “sell” rating in a research note on Saturday, April 29th. Finally, HC Wainwright reissued a “buy” rating on shares of Orion Energy Systems in a research report on Sunday, May 28th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and one has issued a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average price target of $2.08.

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.

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

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