Orion Energy Systems (NASDAQ:OESX) CEO Sally Washlow Purchases 1,780 Shares of Stock

Orion Energy Systems, Inc. (NASDAQ:OESX) CEO Sally Washlow purchased 1,780 shares of the stock in a transaction on Wednesday, June 24th. The stock was bought at an average price of $9.47 per share, for a total transaction of $16,856.60. Following the completion of the transaction, the chief executive officer directly owned 49,259 shares of the company’s stock, valued at approximately $466,482.73. This trade represents a 3.75% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

Orion Energy Systems Stock Performance

NASDAQ:OESX opened at $9.78 on Friday. Orion Energy Systems, Inc. has a 1 year low of $5.50 and a 1 year high of $18.64. The firm has a 50 day moving average of $9.46 and a 200-day moving average of $12.03. The company has a current ratio of 1.41, a quick ratio of 1.03 and a debt-to-equity ratio of 0.34. The stock has a market capitalization of $39.71 million, a P/E ratio of -10.63 and a beta of 0.79.

Orion Energy Systems (NASDAQ:OESX) last issued its quarterly earnings results on Thursday, June 4th. The electronics maker reported ($0.39) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.14 by ($0.53). Orion Energy Systems had a negative return on equity of 11.81% and a negative net margin of 3.66%.The company had revenue of $25.72 million for the quarter, compared to analyst estimates of $24.08 million. As a group, sell-side analysts anticipate that Orion Energy Systems, Inc. will post 0.25 EPS for the current fiscal year.

Wall Street Analyst Weigh In

OESX has been the subject of several recent research reports. Wall Street Zen cut Orion Energy Systems from a “strong-buy” rating to a “buy” rating in a report on Saturday, June 6th. Weiss Ratings lowered shares of Orion Energy Systems from a “sell (d-)” rating to a “sell (e+)” rating in a research note on Thursday, May 14th. Two investment analysts have rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, Orion Energy Systems has an average rating of “Hold” and a consensus target price of $17.50.

Institutional Trading of Orion Energy Systems

Large investors have recently made changes to their positions in the company. Tieton Capital Management LLC raised its position in shares of Orion Energy Systems by 0.6% during the fourth quarter. Tieton Capital Management LLC now owns 256,194 shares of the electronics maker’s stock worth $3,940,000 after purchasing an additional 1,580 shares during the period. NewEdge Advisors LLC increased its stake in Orion Energy Systems by 60.1% during the 1st quarter. NewEdge Advisors LLC now owns 24,140 shares of the electronics maker’s stock worth $211,000 after purchasing an additional 9,058 shares in the last quarter. Quadrature Capital Ltd acquired a new stake in Orion Energy Systems during the 4th quarter worth approximately $202,000. Grace & White Inc. NY raised its holdings in Orion Energy Systems by 9.2% during the 1st quarter. Grace & White Inc. NY now owns 241,387 shares of the electronics maker’s stock worth $2,110,000 after buying an additional 20,400 shares during the period. Finally, North Star Investment Management Corp. lifted its stake in Orion Energy Systems by 6.3% in the fourth quarter. North Star Investment Management Corp. now owns 407,452 shares of the electronics maker’s stock valued at $6,267,000 after buying an additional 23,998 shares in the last quarter. Institutional investors own 52.59% of the company’s stock.

Orion Energy Systems Company Profile

Orion Energy Systems, Inc is a U.S.-based provider of energy-efficient lighting and building controls solutions. Founded in 1996 and headquartered in Manitowoc, Wisconsin, the company specializes in designing, manufacturing and deploying LED lighting fixtures and integrated energy management systems for commercial and industrial customers.

The company’s product portfolio includes a range of LED light fixtures, smart sensors, networked controls and cloud-based energy management software.