Orion Energy Systems (NASDAQ:OESX) Stock Passes Above 200-Day Moving Average – What’s Next?

Orion Energy Systems, Inc. (NASDAQ:OESX)’s share price passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $10.73 and traded as high as $18.64. Orion Energy Systems shares last traded at $17.53, with a volume of 82,022 shares trading hands.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on OESX. Zacks Research upgraded shares of Orion Energy Systems from a “hold” rating to a “strong-buy” rating in a report on Thursday, January 8th. Wall Street Zen raised shares of Orion Energy Systems to a “strong-buy” rating in a research report on Saturday, December 6th. Finally, Weiss Ratings restated a “sell (d-)” rating on shares of Orion Energy Systems in a research note on Friday, January 9th. One research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $17.50.

Orion Energy Systems Trading Down 3.4%

The stock has a 50-day moving average of $16.10 and a 200 day moving average of $10.73. The company has a quick ratio of 0.90, a current ratio of 1.34 and a debt-to-equity ratio of 0.81. The stock has a market cap of $61.88 million, a PE ratio of -8.90 and a beta of 0.53.

Orion Energy Systems (NASDAQ:OESX) last posted its quarterly earnings results on Wednesday, November 5th. The electronics maker reported ($0.17) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.72) by $0.55. The company had revenue of $19.92 million during the quarter, compared to analyst estimates of $20.30 million. Orion Energy Systems had a negative net margin of 7.81% and a negative return on equity of 43.64%. As a group, sell-side analysts anticipate that Orion Energy Systems, Inc. will post -0.32 earnings per share for the current year.

Hedge Funds Weigh In On Orion Energy Systems

An institutional investor recently raised its position in Orion Energy Systems stock. Grace & White Inc. NY lifted its stake in Orion Energy Systems, Inc. (NASDAQ:OESX) by 3.6% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 2,884,085 shares of the electronics maker’s stock after buying an additional 99,499 shares during the quarter. Grace & White Inc. NY owned approximately 8.66% of Orion Energy Systems worth $1,731,000 as of its most recent SEC filing. 52.59% of the stock is currently owned by 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.