Orion Energy Systems (NASDAQ:OESX) Earns Daily Media Sentiment Score of 0.15

News coverage about Orion Energy Systems (NASDAQ:OESX) has been trending somewhat positive this week, Accern Sentiment reports. Accern ranks the sentiment of press coverage by analyzing more than 20 million blog and news sources in real-time. Accern ranks coverage of companies on a scale of negative one to one, with scores closest to one being the most favorable. Orion Energy Systems earned a news impact score of 0.15 on Accern’s scale. Accern also assigned news articles about the electronics maker an impact score of 45.8789043616909 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the next few days.

A number of equities research analysts have recently issued reports on OESX shares. HC Wainwright set a $2.00 target price on shares of Orion Energy Systems and gave the company a “buy” rating in a report on Thursday, February 8th. Zacks Investment Research cut shares of Orion Energy Systems from a “buy” rating to a “hold” rating in a report on Thursday, March 22nd. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and one has assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average target price of $1.33.

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Shares of OESX stock traded down $0.01 on Monday, reaching $0.80. The stock had a trading volume of 20,621 shares, compared to its average volume of 96,156. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.27 and a current ratio of 1.78. The stock has a market cap of $23.54, a price-to-earnings ratio of -1.80 and a beta of 0.99. Orion Energy Systems has a 12 month low of $0.70 and a 12 month high of $1.94.

Orion Energy Systems (NASDAQ:OESX) last issued its earnings results on Wednesday, February 7th. The electronics maker reported ($0.05) earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of ($0.06) by $0.01. The company had revenue of $17.26 million for the quarter, compared to analysts’ expectations of $18.55 million. Orion Energy Systems had a negative net margin of 31.32% and a negative return on equity of 57.15%. sell-side analysts predict that Orion Energy Systems will post -0.41 EPS for the current fiscal year.

In related news, COO Scott A. Green purchased 50,000 shares of the firm’s stock in a transaction that occurred on Friday, March 2nd. The shares were acquired at an average price of $0.90 per share, for a total transaction of $45,000.00. Following the purchase, the chief operating officer now owns 375,157 shares in the company, valued at $337,641.30. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Over the last ninety days, insiders bought 141,681 shares of company stock worth $124,052. 9.20% of the stock is owned by insiders.

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About Orion Energy Systems

Orion Energy Systems, Inc researches, designs, develops, manufactures, implements, markets, and sells energy management systems for the commercial office and retail, area lighting, and industrial markets in North America. The company operates in three segments: Orion U.S. Markets Division, Orion Engineered Systems Division, and Orion Distribution Services Division.

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