StockNews.com Downgrades Orion Energy Systems (NASDAQ:OESX) to Hold

StockNews.com downgraded shares of Orion Energy Systems (NASDAQ:OESXGet Rating) from a buy rating to a hold rating in a research note released on Wednesday.

Separately, Zacks Investment Research raised shares of Orion Energy Systems from a sell rating to a hold rating in a research note on Wednesday, March 23rd. Four research analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of Hold and a consensus price target of $5.44.

Shares of NASDAQ OESX opened at $2.28 on Wednesday. Orion Energy Systems has a fifty-two week low of $2.15 and a fifty-two week high of $6.78. The company has a 50 day simple moving average of $2.68 and a two-hundred day simple moving average of $3.17. The company has a market capitalization of $70.89 million, a price-to-earnings ratio of 2.40 and a beta of 2.08.

Large investors have recently bought and sold shares of the company. BNP Paribas Arbitrage SA grew its holdings in shares of Orion Energy Systems by 40,194.7% during the fourth quarter. BNP Paribas Arbitrage SA now owns 7,656 shares of the electronics maker’s stock valued at $28,000 after buying an additional 7,637 shares during the last quarter. KLCM Advisors Inc. purchased a new stake in Orion Energy Systems in the fourth quarter worth approximately $36,000. Kestra Private Wealth Services LLC purchased a new position in shares of Orion Energy Systems during the 1st quarter worth $39,000. Radnor Capital Management LLC purchased a new position in shares of Orion Energy Systems during the 4th quarter worth $40,000. Finally, Campbell & CO Investment Adviser LLC purchased a new position in shares of Orion Energy Systems during the 4th quarter worth $45,000. Hedge funds and other institutional investors own 53.09% of the company’s stock.

Orion Energy Systems Company Profile (Get Rating)

Orion Energy Systems, Inc researches, designs, develops, manufactures, markets, sells, installs, and implements energy management systems for commercial office and retail, exterior area lighting, and industrial applications in North America. The company operates in three segments: Orion Engineered Systems, Orion Distribution Services, and Orion U.S.

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