A Director at Orion Energy Systems (NASDAQ: OESX) is Buying Shares

By Carrie Williams

Today, a Director at Orion Energy Systems (OESXResearch Report), Anthony Otten, bought shares of OESX for $9,730.

This recent transaction increases Anthony Otten’s holding in the company by 3.75% to a total of $278.1K. Following Anthony Otten’s last OESX Buy transaction on June 14, 2018, the stock climbed by 1.8%.

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Based on Orion Energy Systems’ latest earnings report for the quarter ending March 31, the company posted quarterly revenue of $22.44 million and GAAP net loss of $882K. In comparison, last year the company earned revenue of $15.06 million and had a GAAP net loss of $1.46 million. Currently, Orion Energy Systems has an average volume of 656.2K.

Based on 3 analyst ratings, the analyst consensus is Strong Buy with an average price target of $1011.25, reflecting a 36539.5% upside. Starting in February 2019, OESX received 7 Buy ratings in a row. Three different firms, including Craig-Hallum and Roth Capital, currently also have a Buy rating on the stock.

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Orion Energy Systems, Inc. engages in the design, development, and trade of lighting systems, and retrofit lighting solutions. It operates through the following segments: U.S. Markets (USM); Orion Engineered Systems (OES), and Orion Distribution Services (ODS).