Orion Energy Systems, Inc. (NASDAQ:OESX)’s stock price crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $2.18 and traded as high as $2.91. Orion Energy Systems shares last traded at $2.85, with a volume of 1,290 shares trading hands.
OESX has been the subject of several research analyst reports. Zacks Investment Research lowered Orion Energy Systems from a “buy” rating to a “hold” rating in a report on Wednesday, August 14th. B. Riley began coverage on Orion Energy Systems in a research note on Wednesday, September 4th. They set a “buy” rating and a $4.00 target price on the stock. TheStreet raised Orion Energy Systems from a “d” rating to a “c” rating in a research report on Monday, August 5th. Finally, HC Wainwright raised their target price on Orion Energy Systems from $3.75 to $4.50 and gave the stock a “buy” rating in a research note on Wednesday, June 5th. One investment analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. The company has an average rating of “Buy” and an average target price of $2.59.
The stock has a market cap of $89.16 million, a P/E ratio of -12.52 and a beta of 2.05. The company has a debt-to-equity ratio of 0.41, a current ratio of 1.51 and a quick ratio of 1.08. The stock has a 50-day simple moving average of $2.82 and a 200-day simple moving average of $2.18.
Orion Energy Systems (NASDAQ:OESX) last announced its quarterly earnings results on Monday, August 5th. The electronics maker reported $0.13 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.02 by $0.11. The business had revenue of $42.38 million during the quarter, compared to the consensus estimate of $26.90 million. Orion Energy Systems had a negative return on equity of 0.07% and a negative net margin of 0.01%. As a group, sell-side analysts forecast that Orion Energy Systems, Inc. will post 0.32 earnings per share for the current year.
A number of institutional investors and hedge funds have recently bought and sold shares of the stock. North Star Investment Management Corp. raised its stake in shares of Orion Energy Systems by 10.6% in the second quarter. North Star Investment Management Corp. now owns 3,907,869 shares of the electronics maker’s stock worth $11,606,000 after purchasing an additional 373,569 shares during the last quarter. Renaissance Technologies LLC lifted its position in shares of Orion Energy Systems by 36.6% in the second quarter. Renaissance Technologies LLC now owns 1,633,936 shares of the electronics maker’s stock worth $4,853,000 after buying an additional 437,601 shares in the last quarter. Vanguard Group Inc. lifted its position in shares of Orion Energy Systems by 193.7% in the second quarter. Vanguard Group Inc. now owns 1,168,942 shares of the electronics maker’s stock worth $3,472,000 after buying an additional 770,884 shares in the last quarter. Hillsdale Investment Management Inc. purchased a new stake in Orion Energy Systems during the second quarter valued at approximately $899,000. Finally, BlackRock Inc. lifted its stake in Orion Energy Systems by 781.8% during the 2nd quarter. BlackRock Inc. now owns 156,609 shares of the electronics maker’s stock valued at $465,000 after acquiring an additional 138,849 shares during the period. Institutional investors and hedge funds own 34.71% of the company’s stock.
About Orion Energy Systems (NASDAQ:OESX)
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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