Orion Energy Systems (NASDAQ:OESX) Upgraded at Zacks Research

Zacks Research upgraded shares of Orion Energy Systems (NASDAQ:OESX) from a hold rating to a strong-buy rating in a research report released on Thursday,Zacks.com reports.

A number of other research firms also recently issued reports on OESX. HC Wainwright raised their price target on Orion Energy Systems to $20.00 and gave the stock a “buy” rating in a research note 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. Finally, Wall Street Zen upgraded Orion Energy Systems to a “strong-buy” rating in a research note on Saturday, December 6th. One investment analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $17.50.

Orion Energy Systems Trading Up 4.7%

NASDAQ OESX opened at $17.00 on Thursday. The company has a debt-to-equity ratio of 0.81, a current ratio of 1.34 and a quick ratio of 0.90. The stock has a market capitalization of $60.01 million, a P/E ratio of -8.63 and a beta of 0.53. The business has a 50 day simple moving average of $15.12 and a 200 day simple moving average of $10.13. Orion Energy Systems has a one year low of $5.50 and a one year high of $18.63.

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

Institutional Inflows and Outflows

An institutional investor recently raised its position in Orion Energy Systems stock. Grace & White Inc. NY lifted its holdings in Orion Energy Systems, Inc. (NASDAQ:OESX) by 3.6% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 2,884,085 shares of the electronics maker’s stock after acquiring 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 quarter. 52.59% of the stock is currently owned by hedge funds and other institutional investors.

Orion Energy Systems Company Profile

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.