Orion Energy Systems (NASDAQ:OESX) Share Price Crosses Above 200 Day Moving Average – Should You Sell?

Orion Energy Systems, Inc. (NASDAQ:OESX) shares passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $9.22 and traded as high as $15.83. Orion Energy Systems shares last traded at $15.49, with a volume of 25,104 shares trading hands.

Wall Street Analyst Weigh In

Several research analysts have weighed in on the company. HC Wainwright lifted their target price on Orion Energy Systems to $20.00 and gave the stock a “buy” rating in a report on Tuesday, September 16th. Wall Street Zen raised Orion Energy Systems to a “strong-buy” rating in a research report on Saturday, December 6th. Finally, Weiss Ratings reiterated a “sell (d-)” rating on shares of Orion Energy Systems in a report on Tuesday, October 14th. Two equities research analysts have rated the stock with a Buy rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, Orion Energy Systems presently has an average rating of “Hold” and an average price target of $17.50.

Orion Energy Systems Price Performance

The company has a 50 day simple moving average of $13.43 and a 200-day simple moving average of $9.22. The stock has a market cap of $54.70 million, a price-to-earnings ratio of -7.86 and a beta of 0.52. The company has a current ratio of 1.34, a quick ratio of 0.90 and a debt-to-equity ratio of 0.81.

Orion Energy Systems (NASDAQ:OESX) last posted its quarterly earnings data on Wednesday, November 5th. The electronics maker reported ($0.17) earnings per share for the quarter, topping the consensus estimate of ($0.72) by $0.55. The company had revenue of $19.92 million during 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%. Research analysts expect that Orion Energy Systems, Inc. will post -0.32 EPS for the current year.

Institutional Inflows and Outflows

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

About Orion Energy Systems

Orion Energy Systems, Inc is a U.S.-based provider of energy-efficient lighting and building controls solutions. Founded in 1996 and headquartered in Manitowoc, Wisconsin, the company specializes in designing, manufacturing and deploying LED lighting fixtures and integrated energy management systems for commercial and industrial customers.

The company’s product portfolio includes a range of LED light fixtures, smart sensors, networked controls and cloud-based energy management software.