Orion Energy Systems (NASDAQ:OESX) EVP Acquires $25,520.00 in Stock

Orion Energy Systems, Inc. (NASDAQ:OESX) EVP J. Per Brodin bought 2,000 shares of the company’s stock in a transaction dated Tuesday, November 10th. The stock was bought at an average cost of $12.76 per share, for a total transaction of $25,520.00. Following the acquisition, the executive vice president owned 87,263 shares of the company’s stock, valued at approximately $1,113,475.88. This trade represents a 2.35% increase in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link.

Orion Energy Systems Price Performance

Orion Energy Systems stock opened at $13.08 on Friday. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.75 and a quick ratio of 1.13. The business has a 50 day simple moving average of $23.93 and a 200-day simple moving average of $14.97. Orion Energy Systems, Inc. has a 12 month low of $8.58 and a 12 month high of $31.65. The stock has a market capitalization of $53.63 million, a PE ratio of 33.97 and a beta of 0.93.

Wall Street Analysts Forecast Growth

OESX has been the subject of several recent analyst reports. HC Wainwright restated a “buy” rating and issued a $30.00 target price on shares of Orion Energy Systems in a research note on Thursday, August 6th. Craig Hallum reiterated a “buy” rating and set a $43.00 price target on shares of Orion Energy Systems in a research note on Tuesday, September 15th. Zacks Research cut shares of Orion Energy Systems from a “strong-buy” rating to a “hold” rating in a report on Tuesday, September 8th. Wall Street Zen downgraded shares of Orion Energy Systems from a “strong-buy” rating to a “buy” rating in a research report on Saturday, November 7th. Finally, Weiss Ratings lowered Orion Energy Systems from a “hold (c-)” rating to a “sell (d-)” rating in a report on Monday. Two analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, Orion Energy Systems currently has a consensus rating of “Hold” and an average price target of $36.50.

Institutional Trading of Orion Energy Systems

A number of institutional investors have recently added to or reduced their stakes in the stock. Sei Investments Co. grew its position in Orion Energy Systems by 114.3% during the first quarter. Sei Investments Co. now owns 130,101 shares of the electronics maker’s stock worth $1,137,000 after buying an additional 69,387 shares during the period. AIGH Capital Management LLC acquired a new stake in shares of Orion Energy Systems during the 3rd quarter valued at approximately $12,414,000. Tieton Capital Management LLC acquired a new stake in shares of Orion Energy Systems during the 2nd quarter valued at approximately $3,326,000. Renaissance Technologies LLC boosted its stake 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 acquiring an additional 43,693 shares in the last quarter. Finally, State Street Corp purchased a new stake in shares of Orion Energy Systems during the 3rd quarter worth approximately $481,000. Hedge funds and other institutional investors own 52.59% of the company’s stock.

About Orion Energy Systems

Orion Energy Systems, Inc. (NASDAQ: OESX) is an energy-efficiency technology company that designs, manufactures and delivers lighting and energy-management solutions for commercial and industrial facilities. Its offerings are intended to help organizations improve illumination, reduce energy consumption and modernize building operations. The company’s products and services include LED lighting fixtures and retrofit systems, intelligent lighting controls, and related energy-management technologies.