Orion Energy Systems, Inc. (NASDAQ:OESX)’s share price hit a new 52-week low during mid-day trading on Monday . The company traded as low as $0.91 and last traded at $0.91, with a volume of 14,264 shares changing hands. The stock had previously closed at $0.96.

A number of brokerages have recently issued reports on OESX. HC Wainwright set a $3.00 price objective on shares of Orion Energy Systems and gave the company a “buy” rating in a research note on Monday, August 7th. Zacks Investment Research upgraded shares of Orion Energy Systems from a “sell” rating to a “hold” rating in a research note on Thursday. Roth Capital set a $1.00 price objective on shares of Orion Energy Systems and gave the company a “hold” rating in a research note on Saturday, June 10th. ValuEngine upgraded shares of Orion Energy Systems from a “sell” rating to a “hold” rating in a research note on Tuesday, May 16th. Finally, Craig Hallum cut shares of Orion Energy Systems from a “buy” rating to a “hold” rating in a research note on Wednesday, April 26th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and one has given a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus price target of $2.08.

The firm’s market capitalization is $26.05 million. The stock’s 50-day moving average price is $1.13 and its 200 day moving average price is $1.56.

Orion Energy Systems (NASDAQ:OESX) last posted its earnings results on Friday, August 4th. The electronics maker reported ($0.17) earnings per share for the quarter, missing the Zacks’ consensus estimate 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 for the quarter, compared to analyst estimates of $15.94 million. On average, equities analysts forecast that Orion Energy Systems, Inc. will post ($0.38) earnings per share for the current year.

In related news, insider John H. Scribante sold 137,218 shares of the business’s stock in a transaction dated Thursday, June 29th. The stock was sold at an average price of $1.27, for a total value of $174,266.86. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider John H. Scribante sold 40,000 shares of the business’s stock in a transaction dated 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 three months, insiders have bought 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 currently owned by company insiders.

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. New York State Common Retirement Fund increased 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 worth $730,000 after buying an additional 57,799 shares during the period. Prudential Financial Inc. increased its position in Orion Energy Systems by 11.1% in the second quarter. Prudential Financial Inc. now owns 103,000 shares of the electronics maker’s stock worth $132,000 after buying an additional 10,300 shares during the period. IFC Holdings Incorporated FL bought a new position in Orion Energy Systems during the second quarter worth approximately $128,000. North Star Investment Management Corp. increased 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 worth $3,624,000 after buying an additional 185,000 shares during the period. Finally, Renaissance Technologies LLC increased 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 worth $1,599,000 after buying an additional 54,000 shares during the period. 45.19% of the stock is owned by institutional investors and hedge funds.

ILLEGAL ACTIVITY WARNING: “Orion Energy Systems, Inc. (OESX) Sets New 52-Week Low at $0.91” was first published by Watch List News and is owned by of Watch List News. If you are accessing this news story on another site, it was illegally copied and reposted in violation of international trademark & copyright legislation. The correct version of this news story can be viewed at https://www.watchlistnews.com/orion-energy-systems-inc-oesx-sets-new-52-week-low-at-0-91/1486761.html.

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.

Receive News & Ratings for Orion Energy Systems Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Orion Energy Systems Inc. and related companies with Analyst Ratings Network's FREE daily email newsletter.