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

Orion Energy Systems, Inc. (NASDAQ:OESX) CEO Sally Washlow purchased 1,780 shares of the company’s stock in a transaction dated Wednesday, June 24th. The stock was purchased at an average cost of $9.47 per share, for a total transaction of $16,856.60. Following the transaction, the chief executive officer 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 purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

Orion Energy Systems Price Performance

Shares of Orion Energy Systems stock opened at $11.32 on Friday. 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 firm has a fifty day simple moving average of $9.49 and a 200-day simple moving average of $12.02. The stock has a market capitalization of $45.96 million, a price-to-earnings ratio of -12.30 and a beta of 0.79. Orion Energy Systems, Inc. has a 1-year low of $5.50 and a 1-year high of $18.64.

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

Hedge Funds Weigh In On Orion Energy Systems

Several large investors have recently bought and sold shares of OESX. NewEdge Advisors LLC boosted its holdings in Orion Energy Systems by 60.1% in 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 period. Renaissance Technologies LLC increased its holdings in shares of Orion Energy Systems by 32.4% during the 1st quarter. Renaissance Technologies LLC now owns 178,469 shares of the electronics maker’s stock worth $1,560,000 after purchasing an additional 43,693 shares during the period. Sei Investments Co. raised its position in shares of Orion Energy Systems by 114.3% during the first 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 last quarter. North Star Investment Management Corp. raised its position in shares of Orion Energy Systems by 29.0% during the first quarter. North Star Investment Management Corp. now owns 525,552 shares of the electronics maker’s stock valued at $4,593,000 after buying an additional 118,100 shares during the last quarter. Finally, Grace & White Inc. NY raised its position in shares of Orion Energy Systems by 9.2% during the first quarter. Grace & White Inc. NY now owns 241,387 shares of the electronics maker’s stock valued at $2,110,000 after buying an additional 20,400 shares during the last quarter. 52.59% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities analysts have recently commented on OESX shares. Weiss Ratings lowered Orion Energy Systems from a “sell (d-)” rating to a “sell (e+)” rating in a research note on Thursday, May 14th. Wall Street Zen downgraded Orion Energy Systems from a “strong-buy” rating to a “buy” rating in a research note on Saturday, June 6th. One research analyst has rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $20.00.

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.