Orion Energy Systems (OESX) reported quarterly earnings results on Tuesday, Aug-2-2016. The company reported $-0.11 EPS for the quarter. Analysts had a consensus estimate of $-0.11. The company posted revenue of $15.60 million in the period, compared to analysts expectations of $16.98 million. The company’s revenue was down -6.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $-0.13 EPS.
Many Wall Street Analysts have commented on Orion Energy Systems. Rodman & Renshaw Initiated Orion Energy Systems on Jul 18, 2016 to “Buy”, Price Target of the shares are set at $2.50.
Orion Energy Systems closed down -0.02 points or -1.41% at $1.4 with 1,55,439 shares getting traded on Friday. Post opening the session at $1.4, the shares hit an intraday low of $1.355 and an intraday high of $1.48 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.
In a different news, on Jun 14, 2016, William T Hull (CFO) purchased 93,500 shares at $1.28 per share price. According to the SEC, on Jun 10, 2016, John H Scribante (Chief Executive Officer) purchased 7,000 shares at $1.37 per share price. On Jun 8, 2016, Anthony L. Otten (director) purchased 1,000 shares at $1.35 per share price, according to the Form-4 filing with the securities and exchange commission.
Orion Energy Systems Inc. is a designer and manufacturer of energy efficient lighting platforms. The Company researches develops designs manufactures markets and implements energy management systems consisting of energy efficient commercial and industrial interior and exterior lighting systems and related services. The Company operates in three segments: U.S. Markets Engineered Systems and Distribution Services. The U.S. Markets division focuses on selling lighting solutions into the wholesale markets including domestic energy service companies (ESCOs) and electrical contractors. The Orion Engineered Systems focuses on selling lighting products and construction and engineering services direct to end users. Its products include The LED Door Retrofit (LDR) Interior LED High Bay Fixtures Exterior LED Fixtures The Compact Modular InteLite Dynamic Control Device Apollo Solar Light Pipe and others products. Its customers are national accounts Government municipal and schools.