Zacks Investment Research upgraded shares of Orion Energy Systems (NASDAQ:OESX) from a sell rating to a hold rating in a research report sent to investors on Tuesday.

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. “

A number of other research firms have also issued reports on OESX. Roth Capital reduced their target price on Orion Energy Systems from $1.00 to $0.85 and set a neutral rating on the stock in a research note on Wednesday, November 14th. HC Wainwright set a $2.00 target price on Orion Energy Systems and gave the company a buy rating in a research note on Wednesday, November 14th.

OESX stock traded up $0.05 on Tuesday, reaching $0.85. The company had a trading volume of 1,589 shares, compared to its average volume of 88,393. Orion Energy Systems has a 1 year low of $0.53 and a 1 year high of $1.25. The company has a debt-to-equity ratio of 0.08, a quick ratio of 0.91 and a current ratio of 1.51. The firm has a market cap of $23.95 million, a P/E ratio of -2.24 and a beta of 0.79.

Orion Energy Systems (NASDAQ:OESX) last posted its earnings results on Tuesday, November 13th. The electronics maker reported ($0.08) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.07) by ($0.01). Orion Energy Systems had a negative net margin of 13.52% and a negative return on equity of 36.26%. The company had revenue of $13.20 million during the quarter, compared to analysts’ expectations of $15.44 million. On average, research analysts predict that Orion Energy Systems will post -0.29 earnings per share for the current year.

Institutional investors have recently modified their holdings of the business. Vanguard Group Inc increased its holdings in shares of Orion Energy Systems by 10.1% during the 3rd quarter. Vanguard Group Inc now owns 651,580 shares of the electronics maker’s stock worth $626,000 after buying an additional 60,000 shares during the last quarter. Renaissance Technologies LLC increased its holdings in shares of Orion Energy Systems by 6.7% during the 2nd quarter. Renaissance Technologies LLC now owns 1,071,400 shares of the electronics maker’s stock worth $1,179,000 after buying an additional 67,200 shares during the last quarter. Finally, North Star Investment Management Corp. increased its holdings in shares of Orion Energy Systems by 3.0% during the 3rd quarter. North Star Investment Management Corp. now owns 3,100,813 shares of the electronics maker’s stock worth $2,977,000 after buying an additional 91,000 shares during the last quarter. 40.85% of the stock is currently owned by institutional investors.

About Orion Energy Systems

Orion Energy Systems, Inc researches, designs, develops, manufactures, implements, markets, and sells energy management systems for the commercial office and retail, area lighting, and industrial markets in North America. The company operates in three segments: Orion U.S. Markets Division, Orion Engineered Systems Division, and Orion Distribution Services Division.

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