In a report released today, Amit Dayal from H.C. Wainwright maintained a Buy rating on Orion Energy Systems (NYSE MKT: OESX), with a price target of $1.75. The company’s shares closed yesterday at $1.04.
According to TipRanks.com, Dayal is ranked 0 out of 5 stars with an average return of -4.6% and a 37.1% success rate. Dayal covers the Consumer Goods sector, focusing on stocks such as Superconductor Technologies Inc, Pointer Telocation Ltd, and Pacific Ethanol.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Orion Energy Systems with a $1.38 average price target.
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The company has a one-year high of $1.25 and a one-year low of $0.70. Currently, Orion Energy Systems has an average volume of 63.16K.
Based on the recent corporate insider activity of 26 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of OESX in relation to earlier this year.
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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; Engineered Systems and Distribution Services. The U.S. Markets segment produces and sells commercial lighting and energy management systems to the wholesale contractors.
