Orion Energy Systems, Inc. (NASDAQ:OESX) shares were up 11.3% during trading on Wednesday . The company traded as high as $3.66 and last traded at $4.04, approximately 13,616 shares changed hands during trading. A decline of 98% from the average daily volume of 566,062 shares. The stock had previously closed at $3.63.
A number of research firms have issued reports on OESX. ValuEngine raised Orion Energy Systems from a “sell” rating to a “hold” rating in a research report on Tuesday. HC Wainwright raised their target price on Orion Energy Systems from $4.50 to $7.00 and gave the stock a “strong-buy” rating in a research report on Friday, February 7th. Roth Capital raised Orion Energy Systems from a “neutral” rating to a “buy” rating and raised their target price for the stock from $5.00 to $10.00 in a research report on Monday, March 16th. Zacks Investment Research raised Orion Energy Systems from a “hold” rating to a “buy” rating and set a $4.25 target price for the company in a research report on Thursday, January 16th. Finally, B. Riley raised their target price on Orion Energy Systems from $5.00 to $6.00 and gave the stock a “buy” rating in a research report on Thursday, January 30th. One equities research analyst has rated the stock with a hold rating, four have issued a buy rating and one has given a strong buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus price target of $6.65.
The company has a quick ratio of 1.31, a current ratio of 1.83 and a debt-to-equity ratio of 0.03. The stock has a 50-day simple moving average of $4.61 and a 200-day simple moving average of $3.58. The firm has a market capitalization of $122.55 million, a PE ratio of 10.59 and a beta of 2.14.
Orion Energy Systems (NASDAQ:OESX) last released its earnings results on Thursday, February 6th. The electronics maker reported $0.07 earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of $0.07. Orion Energy Systems had a return on equity of 48.26% and a net margin of 8.22%. The business had revenue of $34.25 million during the quarter, compared to the consensus estimate of $32.37 million. Equities analysts forecast that Orion Energy Systems, Inc. will post 0.46 earnings per share for the current fiscal year.
A number of large investors have recently added to or reduced their stakes in OESX. Squarepoint Ops LLC purchased a new stake in Orion Energy Systems in the third quarter worth $35,000. Goldman Sachs Group Inc. bought a new position in shares of Orion Energy Systems in the fourth quarter worth $69,000. Russell Investments Group Ltd. bought a new position in shares of Orion Energy Systems in the fourth quarter worth $100,000. Game Plan Financial Advisors LLC bought a new position in shares of Orion Energy Systems in the fourth quarter worth $114,000. Finally, Bailard Inc. bought a new position in shares of Orion Energy Systems in the fourth quarter worth $182,000. 42.57% of the stock is owned by institutional investors and hedge funds.
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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