Orion Energy Systems, Inc. (NASDAQ:OESX – Get Free Report)’s share price crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $13.04 and traded as high as $29.49. Orion Energy Systems shares last traded at $27.75, with a volume of 87,790 shares traded.
Wall Street Analyst Weigh In
OESX has been the subject of several recent analyst reports. Weiss Ratings upgraded Orion Energy Systems from a “sell (d-)” rating to a “sell (d+)” rating in a research note on Wednesday, August 19th. Craig Hallum restated a “buy” rating and issued a $43.00 target price on shares of Orion Energy Systems in a report on Tuesday, September 15th. HC Wainwright reaffirmed a “buy” rating and set a $30.00 target price on shares of Orion Energy Systems in a research report on Thursday, August 6th. Wall Street Zen upgraded Orion Energy Systems from a “buy” rating to a “strong-buy” rating in a report on Saturday, August 8th. Finally, Zacks Research cut shares of Orion Energy Systems from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, September 8th. Two equities research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $36.50.
Check Out Our Latest Analysis on OESX
Orion Energy Systems Stock Down 2.1%
Orion Energy Systems (NASDAQ:OESX – Get Free Report) last issued its quarterly earnings results on Wednesday, August 5th. The electronics maker reported $0.47 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 company had revenue of $25.74 million for the quarter, compared to the consensus estimate of $23.56 million. As a group, sell-side analysts predict that Orion Energy Systems, Inc. will post 0.23 earnings per share for the current fiscal year.
Hedge Funds Weigh In On Orion Energy Systems
Several large investors have recently bought and sold shares of OESX. Tieton Capital Management LLC bought a new stake in Orion Energy Systems in the 2nd quarter valued at $3,326,000. NewEdge Advisors LLC raised its position in shares of Orion Energy Systems by 60.1% during the first quarter. NewEdge Advisors LLC now owns 24,140 shares of the electronics maker’s stock valued at $211,000 after buying an additional 9,058 shares during the last quarter. Renaissance Technologies LLC lifted its stake in shares of Orion Energy Systems by 32.4% in the first quarter. Renaissance Technologies LLC now owns 178,469 shares of the electronics maker’s stock valued at $1,560,000 after buying an additional 43,693 shares during the period. Sei Investments Co. grew its position in Orion Energy Systems by 114.3% during the first quarter. Sei Investments Co. now owns 130,101 shares of the electronics maker’s stock worth $1,137,000 after buying an additional 69,387 shares in the last quarter. Finally, North Star Investment Management Corp. grew its position in Orion Energy Systems by 29.0% during the first quarter. North Star Investment Management Corp. now owns 525,552 shares of the electronics maker’s stock worth $4,593,000 after buying an additional 118,100 shares in the last quarter. 52.59% of the stock is currently owned by institutional investors and hedge funds.
About Orion Energy Systems
Orion Energy Systems, Inc (NASDAQ: OESX) provides energy-efficiency solutions for commercial and industrial facilities. The company focuses on helping organizations reduce energy consumption, improve lighting quality and manage building operations through modern lighting and control technologies.
Its offerings include LED lighting fixtures and retrofit systems, connected lighting controls, and related energy-management solutions. Orion also provides design, engineering, installation and project-management services intended to support customers through the transition from traditional lighting systems to more efficient, digitally enabled infrastructure.
Founded in 1996 and headquartered in Manitowoc, Wisconsin, Orion serves customers primarily in the United States across sectors such as manufacturing, warehousing, distribution, retail and other large commercial facilities.
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