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

Shares of Orion Energy Systems, Inc. (NASDAQ:OESX) passed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $11.72 and traded as high as $12.10. Orion Energy Systems shares last traded at $10.52, with a volume of 76,572 shares traded.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on OESX shares. Weiss Ratings downgraded shares of Orion Energy Systems from a “sell (d-)” rating to a “sell (e+)” rating in a research report on Thursday, May 14th. Wall Street Zen cut shares of Orion Energy Systems from a “strong-buy” rating to a “buy” rating in a research report on Saturday, June 6th. One equities research analyst has rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $20.00.

Orion Energy Systems Stock Performance

The stock has a market capitalization of $43.04 million, a P/E ratio of -11.52 and a beta of 0.75. The stock has a 50 day simple moving average of $9.87 and a two-hundred day simple moving average of $11.64. The company has a quick ratio of 1.03, a current ratio of 1.41 and a debt-to-equity ratio of 0.34.

Orion Energy Systems (NASDAQ:OESX) last announced its quarterly earnings data on Thursday, June 4th. The electronics maker reported ($0.39) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.14 by ($0.53). The company had revenue of $25.72 million for the quarter, compared to the consensus estimate of $24.08 million. Orion Energy Systems had a negative return on equity of 11.81% and a negative net margin of 3.66%. On average, equities analysts forecast that Orion Energy Systems, Inc. will post 0.25 EPS for the current fiscal year.

Institutional Trading of Orion Energy Systems

A number of large investors have recently added to or reduced their stakes in the company. North Star Investment Management Corp. grew its position in shares of Orion Energy Systems by 6.3% in the 4th quarter. North Star Investment Management Corp. now owns 407,452 shares of the electronics maker’s stock valued at $6,267,000 after acquiring an additional 23,998 shares during the period. Tieton Capital Management LLC lifted its stake in Orion Energy Systems by 0.6% in the 4th quarter. Tieton Capital Management LLC now owns 256,194 shares of the electronics maker’s stock valued at $3,940,000 after purchasing an additional 1,580 shares during the last quarter. Marshall Wace LLP acquired a new stake in Orion Energy Systems in the 4th quarter valued at about $706,000. Quadrature Capital Ltd bought a new position in Orion Energy Systems during the fourth quarter worth about $202,000. Finally, NewEdge Advisors LLC bought a new position in Orion Energy Systems during the fourth quarter worth about $232,000. 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.