Orion Energy Systems, Inc. (NASDAQ:OESX - Get Free Report) Director Ellen B. Richstone purchased 20,000 shares of the firm's stock in a transaction that occurred on Friday, June 14th. The shares were acquired at an average price of $1.15 per share, for a total transaction of $23,000.00. Following the completion of the transaction, the director now owns 256,784 shares in the company, valued at $295,301.60. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.
Orion Energy Systems Stock Performance
Shares of Orion Energy Systems stock opened at $1.09 on Tuesday. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.60 and a quick ratio of 0.95. The firm has a 50 day simple moving average of $0.94 and a 200 day simple moving average of $0.95. Orion Energy Systems, Inc. has a fifty-two week low of $0.81 and a fifty-two week high of $1.83. The firm has a market cap of $35.50 million, a P/E ratio of -2.95 and a beta of 1.61.
Wall Street Analysts Forecast Growth
A number of equities analysts have commented on the company. HC Wainwright reissued a "buy" rating and issued a $3.00 price objective on shares of Orion Energy Systems in a research note on Friday, June 7th. StockNews.com initiated coverage on shares of Orion Energy Systems in a research report on Wednesday, June 12th. They set a "hold" rating on the stock.
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Institutional Inflows and Outflows
A number of hedge funds have recently bought and sold shares of OESX. Grace & White Inc. NY boosted its position in Orion Energy Systems by 154.0% in the 4th quarter. Grace & White Inc. NY now owns 2,630,829 shares of the electronics maker's stock valued at $2,280,000 after buying an additional 1,594,972 shares during the last quarter. North Star Investment Management Corp. boosted its position in Orion Energy Systems by 33.2% in the 4th quarter. North Star Investment Management Corp. now owns 3,813,702 shares of the electronics maker's stock valued at $3,305,000 after buying an additional 951,240 shares during the last quarter. Finally, US Bancorp DE boosted its position in Orion Energy Systems by 111.5% in the 4th quarter. US Bancorp DE now owns 952,274 shares of the electronics maker's stock valued at $825,000 after buying an additional 502,023 shares during the last quarter. 52.59% of the stock is currently owned by institutional investors.
About Orion Energy Systems
(
Get Free Report)
Orion Energy Systems, Inc researches, designs, develops, manufactures, markets, sells, installs, and implements energy management systems for commercial office and retail, exterior area lighting, and industrial applications in North America. The company operates through three segments: Orion Services Group, Orion Distribution Services, and Orion U.S.
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