Orion Energy Systems (NASDAQ:OESX) Stock Price Passes Above 200-Day Moving Average – Time to Sell?

Orion Energy Systems, Inc. (NASDAQ:OESX) crossed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $8.81 and traded as high as $17.38. Orion Energy Systems shares last traded at $15.30, with a volume of 162,287 shares.

Analysts Set New Price Targets

A number of brokerages have recently weighed in on OESX. HC Wainwright upped their target price on Orion Energy Systems to $20.00 and gave the company a “buy” rating in a report on Tuesday, September 16th. Weiss Ratings reiterated a “sell (d-)” rating on shares of Orion Energy Systems in a research note on Tuesday, October 14th. Finally, Wall Street Zen upgraded shares of Orion Energy Systems to a “strong-buy” rating in a research report on Saturday, December 6th. Two research analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $17.50.

Orion Energy Systems Price Performance

The company’s 50-day simple moving average is $12.84 and its 200 day simple moving average is $8.93. The company has a quick ratio of 0.90, a current ratio of 1.34 and a debt-to-equity ratio of 0.81. The stock has a market capitalization of $59.71 million, a price-to-earnings ratio of -8.58 and a beta of 0.52.

Orion Energy Systems (NASDAQ:OESX) last issued its quarterly earnings data on Wednesday, November 5th. The electronics maker reported ($0.17) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.72) by $0.55. Orion Energy Systems had a negative return on equity of 43.64% and a negative net margin of 7.81%.The business had revenue of $19.92 million for the quarter, compared to the consensus estimate of $20.30 million. Equities research analysts forecast that Orion Energy Systems, Inc. will post -0.32 EPS for the current year.

Hedge Funds Weigh In On Orion Energy Systems

A hedge fund recently raised its stake in Orion Energy Systems stock. Grace & White Inc. NY raised its stake in Orion Energy Systems, Inc. (NASDAQ:OESX) by 3.6% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 2,884,085 shares of the electronics maker’s stock after acquiring an additional 99,499 shares during the period. Grace & White Inc. NY owned about 8.66% of Orion Energy Systems worth $1,731,000 as of its most recent SEC filing. Hedge funds and other institutional investors own 52.59% of the company’s stock.

Orion Energy Systems Company Profile

Orion Energy Systems, Inc, together with its subsidiaries, researches, designs, develops, manufactures, markets, sells, installs, and implements energy management systems for commercial office and retail, area lighting, industrial applications, and government in North America and Germany. It operates in three segments: Lighting, Maintenance, and Electric Vehicle (EV).