Zacks Investment Research downgraded shares of Orion Energy Systems, Inc. (NASDAQ:OESX) from a buy rating to a hold rating in a report published on Wednesday morning.

According to Zacks, “ORION ENERGY SYSTEMS, INC. is a leading power technology enterprise that designs, manufactures and implements energy management systems, consisting primarily of high-performance, energy efficient lighting systems, controls and related services, for commercial and industrial customers without compromising their quantity or quality of light. “

Several other equities research analysts have also commented on the company. ValuEngine lowered Orion Energy Systems from a sell rating to a strong sell rating in a research report on Friday, September 1st. HC Wainwright restated a buy rating on shares of Orion Energy Systems in a research report on Friday, November 3rd. One research analyst has rated the stock with a sell rating, three have given a hold rating and one has given a buy rating to the stock. The stock currently has a consensus rating of Hold and a consensus target price of $1.67.

Shares of Orion Energy Systems (NASDAQ OESX) traded up $0.02 during trading on Wednesday, hitting $0.90. The company had a trading volume of 21,200 shares, compared to its average volume of 132,546. Orion Energy Systems has a 52 week low of $0.80 and a 52 week high of $2.57. The company has a debt-to-equity ratio of 0.12, a quick ratio of 1.32 and a current ratio of 1.97.

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Large investors have recently made changes to their positions in the business. IFC Holdings Incorporated FL bought a new position in Orion Energy Systems in the second quarter worth approximately $128,000. Prudential Financial Inc. boosted its holdings in Orion Energy Systems by 11.1% in the second quarter. Prudential Financial Inc. now owns 103,000 shares of the electronics maker’s stock worth $132,000 after acquiring an additional 10,300 shares in the last quarter. New York State Common Retirement Fund boosted its holdings in Orion Energy Systems by 11.3% in the second quarter. New York State Common Retirement Fund now owns 570,230 shares of the electronics maker’s stock worth $730,000 after acquiring an additional 57,799 shares in the last quarter. Dimensional Fund Advisors LP boosted its holdings in Orion Energy Systems by 4.4% in the first quarter. Dimensional Fund Advisors LP now owns 478,694 shares of the electronics maker’s stock worth $948,000 after acquiring an additional 20,146 shares in the last quarter. Finally, Renaissance Technologies LLC boosted its holdings in Orion Energy Systems by 7.2% in the first quarter. Renaissance Technologies LLC now owns 807,500 shares of the electronics maker’s stock worth $1,599,000 after acquiring an additional 54,000 shares in the last quarter. Institutional investors and hedge funds own 44.90% of the company’s stock.

Orion Energy Systems Company Profile

Orion Energy Systems, Inc is a designer and manufacturer of lighting platforms. The Company researches, develops, designs, manufactures, markets, sells and implements energy management systems consisting primarily of commercial and industrial interior and exterior lighting systems, and related services.

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