Somewhat Positive Press Coverage Somewhat Unlikely to Affect Orion Energy Systems (OESX) Share Price
News coverage about Orion Energy Systems (NASDAQ:OESX) has trended somewhat positive on Sunday, according to Accern Sentiment Analysis. The research group identifies negative and positive press coverage by analyzing more than 20 million blog and news sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores nearest to one being the most favorable. Orion Energy Systems earned a coverage optimism score of 0.17 on Accern’s scale. Accern also gave news headlines about the electronics maker an impact score of 45.3589181105593 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the immediate future.
Orion Energy Systems (NASDAQ:OESX) opened at 1.03 on Friday. The firm’s market cap is $29.63 million. The stock’s 50 day moving average price is $1.06 and its 200 day moving average price is $1.31. Orion Energy Systems has a 52 week low of $0.85 and a 52 week high of $2.57.
Orion Energy Systems (NASDAQ:OESX) last issued its quarterly earnings data on Friday, August 4th. The electronics maker reported ($0.17) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.13) by ($0.04). The firm had revenue of $12.56 million for the quarter, compared to the consensus estimate of $15.94 million. Orion Energy Systems had a negative return on equity of 37.61% and a negative net margin of 23.70%. On average, equities research analysts predict that Orion Energy Systems will post ($0.38) EPS for the current year.
Several brokerages have recently issued reports on OESX. Roth Capital set a $1.00 price target on Orion Energy Systems and gave the company a “hold” rating in a research note on Saturday, June 10th. HC Wainwright set a $2.00 price target on Orion Energy Systems and gave the company a “buy” rating in a research note on Saturday, June 10th. ValuEngine lowered Orion Energy Systems from a “sell” rating to a “strong sell” rating in a research note on Friday, September 1st. Finally, Zacks Investment Research raised Orion Energy Systems from a “sell” rating to a “hold” rating in a research note on Thursday, August 10th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and one has given a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average target price of $2.00.
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In other Orion Energy Systems news, insider John H. Scribante sold 49,500 shares of Orion Energy Systems stock in a transaction dated Tuesday, August 1st. The stock was sold at an average price of $1.11, for a total transaction of $54,945.00. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, insider John H. Scribante sold 37,100 shares of Orion Energy Systems stock in a transaction dated Monday, July 24th. The stock was sold at an average price of $1.07, for a total value of $39,697.00. The disclosure for this sale can be found here. Insiders have sold a total of 270,384 shares of company stock worth $296,133 in the last 90 days. 9.20% of the stock is currently owned by corporate insiders.
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.
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