Orion Energy Systems (NASDAQ:OESX) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of Orion Energy Systems (NASDAQ:OESX) from a buy rating to a strong-buy rating in a research note issued to investors on Saturday.

Several other brokerages also recently commented on OESX. Zacks Research downgraded Orion Energy Systems from a “hold” rating to a “strong sell” rating in a research note on Tuesday, August 4th. HC Wainwright restated a “buy” rating and issued a $30.00 price target on shares of Orion Energy Systems in a research note on Thursday. Finally, Weiss Ratings raised Orion Energy Systems from a “sell (e+)” rating to a “sell (d-)” rating in a report on Wednesday, August 5th. One analyst has rated the stock with a Buy rating and two have given a Sell rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Reduce” and an average target price of $30.00.

Orion Energy Systems Trading Down 2.8%

Shares of NASDAQ:OESX opened at $19.15 on Friday. Orion Energy Systems has a 52-week low of $5.60 and a 52-week high of $20.00. The company has a debt-to-equity ratio of 0.33, a quick ratio of 1.13 and a current ratio of 1.54. The company has a market capitalization of $78.32 million, a P/E ratio of -383.00 and a beta of 0.77. The company has a 50-day simple moving average of $10.85 and a 200 day simple moving average of $10.94.

Orion Energy Systems (NASDAQ:OESX) last announced its quarterly earnings results on Wednesday, August 5th. The electronics maker reported $0.47 earnings per share for the quarter, topping analysts’ consensus estimates of $0.07 by $0.40. The firm had revenue of $25.74 million for the quarter, compared to the consensus estimate of $23.56 million. Orion Energy Systems had a return on equity of 11.66% and a net margin of 0.04%. Sell-side analysts forecast that Orion Energy Systems will post 0.38 earnings per share for the current year.

Institutional Investors Weigh In On Orion Energy Systems

Several hedge funds have recently bought and sold shares of OESX. North Star Investment Management Corp. grew its position in shares of Orion Energy Systems by 29.0% in the first quarter. North Star Investment Management Corp. now owns 525,552 shares of the electronics maker’s stock valued at $4,593,000 after purchasing an additional 118,100 shares during the last quarter. Tieton Capital Management LLC bought a new position in shares of Orion Energy Systems during the second quarter worth approximately $3,326,000. NewEdge Advisors LLC lifted its holdings in Orion Energy Systems by 60.1% during the 1st quarter. NewEdge Advisors LLC now owns 24,140 shares of the electronics maker’s stock worth $211,000 after purchasing an additional 9,058 shares during the last quarter. Quadrature Capital Ltd acquired a new stake in Orion Energy Systems during the 4th quarter worth approximately $202,000. Finally, Marshall Wace LLP bought a new stake in Orion Energy Systems in the 4th quarter valued at $706,000. 52.59% of the stock is currently owned by institutional investors and hedge funds.

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.