US Bancorp DE Buys 502,023 Shares of Orion Energy Systems, Inc. (NASDAQ:OESX)

US Bancorp DE grew its stake in shares of Orion Energy Systems, Inc. (NASDAQ:OESXFree Report) by 111.5% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 952,274 shares of the electronics maker’s stock after buying an additional 502,023 shares during the period. US Bancorp DE owned 2.93% of Orion Energy Systems worth $825,000 at the end of the most recent reporting period.

Separately, Grace & White Inc. NY boosted its stake in Orion Energy Systems by 154.0% during the fourth quarter. Grace & White Inc. NY now owns 2,630,829 shares of the electronics maker’s stock valued at $2,280,000 after buying an additional 1,594,972 shares during the period. 52.59% of the stock is currently owned by institutional investors and hedge funds.

Orion Energy Systems Stock Down 0.9 %

Shares of NASDAQ:OESX opened at $1.06 on Thursday. The firm has a market capitalization of $34.51 million, a PE ratio of -1.83 and a beta of 1.61. The company has a debt-to-equity ratio of 0.48, a quick ratio of 0.81 and a current ratio of 1.49. Orion Energy Systems, Inc. has a 52-week low of $0.81 and a 52-week high of $1.94. The firm has a fifty day moving average of $0.90 and a 200 day moving average of $0.94.

Analyst Ratings Changes

Several analysts have weighed in on OESX shares. HC Wainwright lowered their price target on Orion Energy Systems from $7.00 to $3.00 and set a “buy” rating on the stock in a report on Thursday, February 8th. assumed coverage on shares of Orion Energy Systems in a research report on Tuesday. They set a “hold” rating for the company.

Get Our Latest Research Report on Orion Energy Systems

About Orion Energy Systems

(Free Report)

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 through three segments: Orion Services Group, Orion Distribution Services, and Orion U.S.

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Institutional Ownership by Quarter for Orion Energy Systems (NASDAQ:OESX)

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