Orion Energy Systems (NASDAQ:OESX) Shares Cross Above 200-Day Moving Average – Should You Sell?

Orion Energy Systems, Inc. (NASDAQ:OESX)’s share price passed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $6.93 and traded as high as $8.24. Orion Energy Systems shares last traded at $8.17, with a volume of 6,443 shares trading hands.

Analyst Upgrades and Downgrades

OESX has been the topic of a number of research reports. HC Wainwright raised their target price on shares of Orion Energy Systems to $20.00 and gave the stock a “buy” rating in a research note on Tuesday, September 16th. Craig Hallum lowered their target price on Orion Energy Systems from $20.00 to $15.00 and set a “buy” rating on the stock in a report on Friday, June 27th. Two research analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, Orion Energy Systems presently has an average rating of “Buy” and a consensus target price of $17.50.

Orion Energy Systems Trading Up 0.1%

The stock has a market cap of $27.19 million, a PE ratio of -2.82 and a beta of 1.06. The company has a debt-to-equity ratio of 0.75, a quick ratio of 0.84 and a current ratio of 1.23. The company’s 50-day moving average price is $7.36 and its 200 day moving average price is $6.93.

Orion Energy Systems (NASDAQ:OESX) last released its quarterly earnings results on Wednesday, August 6th. The electronics maker reported ($0.40) EPS for the quarter, beating the consensus estimate of ($0.50) by $0.10. The firm had revenue of $19.58 million for the quarter, compared to analyst estimates of $20.00 million. Orion Energy Systems had a negative net margin of 11.70% and a negative return on equity of 62.99%. On average, sell-side analysts forecast that Orion Energy Systems, Inc. will post -0.32 EPS for the current fiscal year.

Institutional Trading of Orion Energy Systems

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. US Bancorp DE raised its position in Orion Energy Systems by 5.1% in the first quarter. US Bancorp DE now owns 799,508 shares of the electronics maker’s stock valued at $577,000 after purchasing an additional 39,042 shares during the period. Grace & White Inc. NY raised its position in Orion Energy Systems by 1.4% in the first quarter. Grace & White Inc. NY now owns 2,784,586 shares of the electronics maker’s stock valued at $2,008,000 after purchasing an additional 39,042 shares during the period. Finally, Thompson Davis & CO. Inc. purchased a new stake in Orion Energy Systems in the first quarter valued at approximately $66,000. 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).