Orion Energy Systems (OESX) Given Daily Coverage Optimism Rating of 0.14
News stories about Orion Energy Systems (NASDAQ:OESX) have trended somewhat positive recently, according to Accern. The research group identifies positive and negative news coverage by monitoring more than twenty million news and blog sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores closest to one being the most favorable. Orion Energy Systems earned a news impact score of 0.14 on Accern’s scale. Accern also gave press coverage about the electronics maker an impact score of 46.0726029462278 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the near term.
Several equities research analysts have recently commented on the company. ValuEngine downgraded Orion Energy Systems from a “sell” rating to a “strong sell” rating in a report on Friday, September 1st. Zacks Investment Research upgraded Orion Energy Systems from a “sell” rating to a “hold” rating in a report on Thursday, August 10th. Finally, HC Wainwright set a $3.00 price objective on Orion Energy Systems and gave the company a “buy” rating in a report on Monday, August 7th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and one has issued a buy rating to the stock. Orion Energy Systems has an average rating of “Hold” and an average price target of $2.00.
Orion Energy Systems (NASDAQ:OESX) traded up 5.517% during midday trading on Wednesday, hitting $0.897. The stock had a trading volume of 108,109 shares. The firm’s 50-day moving average price is $1.04 and its 200 day moving average price is $1.19. The company’s market cap is $25.80 million. Orion Energy Systems has a 12 month low of $0.80 and a 12 month high of $2.57.
Orion Energy Systems (NASDAQ:OESX) last announced its earnings results on Friday, August 4th. The electronics maker reported ($0.17) earnings per share (EPS) for the quarter, missing the 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 during the quarter, compared to the consensus estimate of $15.94 million. On average, analysts expect that Orion Energy Systems will post ($0.38) earnings per share for the current fiscal year.
In other news, insider John H. Scribante sold 40,000 shares of the stock in a transaction that occurred on Tuesday, August 8th. The stock was sold at an average price of $0.99, for a total value of $39,600.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 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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