Grace & White Inc. NY Increases Position in Orion Energy Systems, Inc. $OESX

Grace & White Inc. NY grew its holdings in Orion Energy Systems, Inc. (NASDAQ:OESX) by 3.6% in the second quarter, according to its most recent disclosure with the SEC. The fund owned 2,884,085 shares of the electronics maker’s stock after buying 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 reporting period.

Separately, Thompson Davis & CO. Inc. acquired a new stake in Orion Energy Systems in the first quarter valued at about $66,000. 52.59% of the stock is currently owned by institutional investors and hedge funds.

Orion Energy Systems Trading Down 0.4%

Shares of Orion Energy Systems stock opened at $7.96 on Friday. Orion Energy Systems, Inc. has a 12-month low of $5.50 and a 12-month high of $10.35. The company has a current ratio of 1.23, a quick ratio of 0.84 and a debt-to-equity ratio of 0.75. The stock has a market cap of $26.51 million, a PE ratio of -2.74 and a beta of 1.06. The company has a 50-day moving average of $7.61 and a two-hundred day moving average of $6.95.

Orion Energy Systems (NASDAQ:OESX) last issued its earnings results on Wednesday, August 6th. The electronics maker reported ($0.40) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.50) by $0.10. Orion Energy Systems had a negative net margin of 11.70% and a negative return on equity of 62.99%. The company had revenue of $19.58 million during the quarter, compared to analysts’ expectations of $20.00 million. On average, research analysts anticipate that Orion Energy Systems, Inc. will post -0.32 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on the stock. Craig Hallum reduced their price objective on shares of Orion Energy Systems from $20.00 to $15.00 and set a “buy” rating for the company in a research report on Friday, June 27th. HC Wainwright raised their price objective on shares of Orion Energy Systems to $20.00 and gave the company a “buy” rating in a research report on Tuesday, September 16th. Finally, Weiss Ratings restated a “sell (e+)” rating on shares of Orion Energy Systems in a research report on Saturday, September 27th. Two research analysts have rated the stock with a Buy rating and one has issued a Sell rating to the company. According to MarketBeat.com, Orion Energy Systems has an average rating of “Hold” and an average target price of $17.50.

About Orion Energy Systems

Orion Energy Systems, Inc, together with its subsidiaries, researches, designs, develops, manufactures, markets, sells, installs, and implements energy management systems for commercial office and retail, area lighting, industrial applications, and government in North America and Germany. It operates in three segments: Lighting, Maintenance, and Electric Vehicle (EV).