Orion Energy Systems (NASDAQ:OESX) Director Heather Wishart-Smith Acquires 1,054 Shares

Orion Energy Systems, Inc. (NASDAQ:OESX) Director Heather Wishart-Smith acquired 1,054 shares of the company’s stock in a transaction on Thursday, August 20th. The shares were bought at an average cost of $18.96 per share, with a total value of $19,983.84. Following the acquisition, the director directly owned 11,405 shares in the company, valued at approximately $216,238.80. The trade was a 10.18% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is accessible through the SEC website.

Orion Energy Systems Trading Up 5.8%

Shares of Orion Energy Systems stock opened at $20.99 on Tuesday. Orion Energy Systems, Inc. has a twelve month low of $6.21 and a twelve month high of $21.20. The company has a quick ratio of 1.13, a current ratio of 1.54 and a debt-to-equity ratio of 0.33. The business has a 50-day moving average price of $12.91 and a 200-day moving average price of $11.16. The firm has a market cap of $85.85 million, a price-to-earnings ratio of -419.80 and a beta of 0.77.

Orion Energy Systems (NASDAQ:OESX) last posted its earnings results on Wednesday, August 5th. The electronics maker reported $0.47 EPS for the quarter, topping analysts’ consensus estimates of $0.07 by $0.40. Orion Energy Systems had a return on equity of 11.66% and a net margin of 0.04%.The company had revenue of $25.74 million for the quarter, compared to the consensus estimate of $23.56 million. Equities research analysts anticipate that Orion Energy Systems, Inc. will post 0.23 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several analysts have recently issued reports on the company. Wall Street Zen raised Orion Energy Systems from a “buy” rating to a “strong-buy” rating in a report on Saturday, August 8th. Zacks Research raised shares of Orion Energy Systems from a “strong sell” rating to a “strong-buy” rating in a report on Monday, August 10th. HC Wainwright restated a “buy” rating and issued a $30.00 price target on shares of Orion Energy Systems in a research report on Thursday, August 6th. Finally, Weiss Ratings raised shares of Orion Energy Systems from a “sell (d-)” rating to a “sell (d+)” rating in a research note on Wednesday, August 19th. One investment analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $30.00.

Institutional Investors Weigh In On Orion Energy Systems

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in OESX. Quadrature Capital Ltd purchased a new position in shares of Orion Energy Systems in the 4th quarter worth approximately $202,000. NewEdge Advisors LLC increased its position in shares of Orion Energy Systems by 60.1% during the 1st quarter. NewEdge Advisors LLC now owns 24,140 shares of the electronics maker’s stock valued at $211,000 after purchasing an additional 9,058 shares during the last quarter. Marshall Wace LLP purchased a new stake in Orion Energy Systems during the 4th quarter valued at $706,000. Sei Investments Co. raised its holdings in Orion Energy Systems by 114.3% during the 1st quarter. Sei Investments Co. now owns 130,101 shares of the electronics maker’s stock valued at $1,137,000 after buying an additional 69,387 shares during the period. Finally, Renaissance Technologies LLC lifted its position in Orion Energy Systems by 32.4% in the first quarter. Renaissance Technologies LLC now owns 178,469 shares of the electronics maker’s stock worth $1,560,000 after buying an additional 43,693 shares during the last quarter. 52.59% of the stock is currently owned by hedge funds and other institutional investors.

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.