Orion Energy Systems (NASDAQ:OESX) Given “Sell (D-)” Rating at Weiss Ratings

Weiss Ratings reaffirmed their sell (d-) rating on shares of Orion Energy Systems (NASDAQ:OESX) in a report published on Tuesday,Weiss Ratings reports.

Several other analysts have also weighed in on OESX. Craig Hallum reduced their price objective on Orion Energy Systems from $20.00 to $15.00 and set a “buy” rating on the stock in a research note on Friday, June 27th. HC Wainwright raised their price objective on Orion Energy Systems to $20.00 and gave the company a “buy” rating in a research note on Tuesday, September 16th. Two equities research analysts have rated the stock with a Buy rating and one has given a Sell rating to the stock. According to MarketBeat, the company has an average rating of “Hold” and an average price target of $17.50.

Orion Energy Systems Stock Up 5.7%

Shares of NASDAQ OESX opened at $9.77 on Tuesday. The company has a debt-to-equity ratio of 0.75, a quick ratio of 0.84 and a current ratio of 1.23. Orion Energy Systems has a 52 week low of $5.50 and a 52 week high of $10.35. The stock has a market capitalization of $32.53 million, a P/E ratio of -3.37 and a beta of 1.06. The stock’s fifty day moving average is $7.76 and its 200 day moving average is $6.98.

Orion Energy Systems (NASDAQ:OESX) last issued its quarterly earnings results on Wednesday, August 6th. The electronics maker reported ($0.40) EPS for the quarter, topping analysts’ consensus estimates of ($0.50) by $0.10. Orion Energy Systems had a negative return on equity of 62.99% and a negative net margin of 11.70%.The company had revenue of $19.58 million for the quarter, compared to analysts’ expectations of $20.00 million. Sell-side analysts forecast that Orion Energy Systems will post -0.32 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Orion Energy Systems

Hedge funds and other institutional investors have recently made changes to their positions in the stock. US Bancorp DE lifted its stake in shares of Orion Energy Systems by 5.1% in the first quarter. US Bancorp DE now owns 799,508 shares of the electronics maker’s stock worth $577,000 after acquiring an additional 39,042 shares during the period. Thompson Davis & CO. Inc. acquired a new position in shares of Orion Energy Systems in the first quarter worth approximately $66,000. Finally, Grace & White Inc. NY lifted its stake in shares of Orion Energy Systems by 3.6% in the second quarter. Grace & White Inc. NY now owns 2,884,085 shares of the electronics maker’s stock worth $1,731,000 after acquiring an additional 99,499 shares during the period. 52.59% of the stock is owned by institutional investors and hedge funds.

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).