News articles about Orion Energy Systems (NASDAQ:OESX) have trended somewhat positive recently, according to Accern. The research group identifies positive and negative media coverage by reviewing more than 20 million blog and news sources. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Orion Energy Systems earned a media sentiment score of 0.08 on Accern’s scale. Accern also gave media coverage about the electronics maker an impact score of 45.664475197837 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the immediate future.
These are some of the headlines that may have impacted Accern Sentiment’s rankings:
Shares of Orion Energy Systems stock opened at $0.80 on Friday. Orion Energy Systems has a twelve month low of $0.70 and a twelve month high of $1.99. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.27 and a current ratio of 1.78.
Orion Energy Systems (NASDAQ:OESX) last announced its earnings results on Wednesday, February 7th. The electronics maker reported ($0.05) earnings per share for the quarter, topping the Zacks’ consensus estimate of ($0.06) by $0.01. The company had revenue of $17.26 million during the quarter, compared to the consensus estimate of $18.55 million. Orion Energy Systems had a negative net margin of 31.32% and a negative return on equity of 57.15%. analysts expect that Orion Energy Systems will post -0.41 earnings per share for the current year.
A number of analysts recently weighed in on the stock. HC Wainwright set a $2.00 target price on shares of Orion Energy Systems and gave the stock a “buy” rating in a report on Thursday, February 8th. Zacks Investment Research upgraded shares of Orion Energy Systems from a “hold” rating to a “buy” rating and set a $1.00 target price for the company in a research report on Wednesday, March 21st. One 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. The stock presently has an average rating of “Hold” and an average price target of $1.33.
In other news, COO Scott A. Green acquired 50,000 shares of the firm’s stock in a transaction that occurred on Friday, March 2nd. The stock was purchased at an average price of $0.90 per share, for a total transaction of $45,000.00. Following the completion of the acquisition, the chief operating officer now owns 375,157 shares in the company, valued at $337,641.30. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Over the last three months, insiders have purchased 141,681 shares of company stock valued at $124,052. 9.20% of the stock is currently 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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