Orion Energy Systems (NASDAQ:OESX) Upgraded by Zacks Research to Strong-Buy Rating

Orion Energy Systems (NASDAQ:OESXGet Free Report) was upgraded by research analysts at Zacks Research from a “strong sell” rating to a “strong-buy” rating in a report released on Monday,Zacks.com reports.

Several other equities research analysts have also recently weighed in on OESX. Weiss Ratings upgraded Orion Energy Systems from a “sell (e+)” rating to a “sell (d-)” rating in a report on Wednesday, August 5th. HC Wainwright reissued a “buy” rating and set a $30.00 price objective on shares of Orion Energy Systems in a research report on Thursday, August 6th. Finally, Wall Street Zen raised shares of Orion Energy Systems from a “buy” rating to a “strong-buy” rating in a research report on Saturday. One analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and one has given a Sell rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $30.00.

Check Out Our Latest Report on OESX

Orion Energy Systems Stock Up 3.1%

OESX opened at $19.75 on Monday. Orion Energy Systems has a 12 month low of $5.60 and a 12 month high of $20.74. The company has a current ratio of 1.54, a quick ratio of 1.13 and a debt-to-equity ratio of 0.33. The business’s 50-day moving average price is $11.06 and its 200-day moving average price is $10.96. The company has a market cap of $80.78 million, a P/E ratio of -395.00 and a beta of 0.77.

Orion Energy Systems (NASDAQ:OESXGet Free Report) last posted its quarterly earnings results on Wednesday, August 5th. The electronics maker reported $0.47 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.07 by $0.40. Orion Energy Systems had a return on equity of 11.66% and a net margin of 0.04%.The business had revenue of $25.74 million for the quarter, compared to analyst estimates of $23.56 million. On average, equities analysts expect that Orion Energy Systems will post 0.38 EPS for the current year.

Institutional Trading of Orion Energy Systems

A number of institutional investors and hedge funds have recently modified their holdings of the business. Tieton Capital Management LLC increased 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 worth $3,940,000 after buying an additional 1,580 shares in the last quarter. NewEdge Advisors LLC lifted its position in shares of Orion Energy Systems by 60.1% in the first quarter. NewEdge Advisors LLC now owns 24,140 shares of the electronics maker’s stock valued at $211,000 after acquiring an additional 9,058 shares in the last quarter. Quadrature Capital Ltd bought a new position in shares of Orion Energy Systems in the fourth quarter worth about $202,000. Grace & White Inc. NY boosted its stake in shares of Orion Energy Systems by 9.2% in the first quarter. Grace & White Inc. NY now owns 241,387 shares of the electronics maker’s stock worth $2,110,000 after acquiring an additional 20,400 shares during the period. Finally, North Star Investment Management Corp. grew its position in shares of Orion Energy Systems by 6.3% during the fourth quarter. North Star Investment Management Corp. now owns 407,452 shares of the electronics maker’s stock worth $6,267,000 after purchasing an additional 23,998 shares in the last quarter. Institutional investors own 52.59% of the company’s stock.

About Orion Energy Systems

(Get Free Report)

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.

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