Orion Energy Systems (NASDAQ:OESX) Raised to Strong-Buy at Wall Street Zen

Orion Energy Systems (NASDAQ:OESX) was upgraded by stock analysts at Wall Street Zen to a “strong-buy” rating in a report issued on Saturday.

A number of other research analysts have also weighed in on OESX. HC Wainwright raised their price target on shares of Orion Energy Systems to $20.00 and gave the company a “buy” rating in a research report on Tuesday, September 16th. Weiss Ratings reissued a “sell (d-)” rating on shares of Orion Energy Systems in a research report on Tuesday, October 14th. Two research analysts have rated the stock with a Buy rating and one has given a Sell rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $17.50.

Orion Energy Systems Stock Down 8.2%

Shares of NASDAQ:OESX opened at $16.42 on Friday. The business’s 50 day moving average is $11.43 and its 200 day moving average is $8.35. Orion Energy Systems has a 12-month low of $5.50 and a 12-month high of $18.39. The stock has a market cap of $57.96 million, a price-to-earnings ratio of -8.33 and a beta of 0.52. The company has a quick ratio of 0.90, a current ratio of 1.34 and a debt-to-equity ratio of 0.81.

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 the consensus estimate of ($0.72) by $0.55. The business had revenue of $19.92 million for the quarter, compared to analysts’ expectations of $20.30 million. Orion Energy Systems had a negative return on equity of 43.64% and a negative net margin of 7.81%. On average, sell-side analysts forecast that Orion Energy Systems will post -0.32 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Grace & White Inc. NY increased its stake in shares of Orion Energy Systems by 3.6% during the 2nd quarter. Grace & White Inc. NY now owns 2,884,085 shares of the electronics maker’s stock worth $1,731,000 after purchasing an additional 99,499 shares during the last quarter. Thompson Davis & CO. Inc. bought a new position in Orion Energy Systems during the first quarter valued at $66,000. Finally, US Bancorp DE increased 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 worth $577,000 after buying an additional 39,042 shares during the last quarter. 52.59% of the stock is owned by institutional investors.

About Orion Energy Systems

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).