Orion Energy Systems (NASDAQ:OESX) Shares Pass Above Two Hundred Day Moving Average – Here’s Why

Orion Energy Systems, Inc. (NASDAQ:OESX)’s stock price crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $7.96 and traded as high as $15.83. Orion Energy Systems shares last traded at $15.51, with a volume of 40,813 shares changing hands.

Analysts Set New Price Targets

OESX has been the subject of several research reports. Weiss Ratings restated a “sell (d-)” rating on shares of Orion Energy Systems in a report on Tuesday, October 14th. HC Wainwright lifted their target price on shares of Orion Energy Systems to $20.00 and gave the company a “buy” rating in a research note on Tuesday, September 16th. Two research analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $17.50.

Orion Energy Systems Price Performance

The company’s 50-day simple moving average is $10.51 and its 200 day simple moving average is $7.96. The company has a market capitalization of $54.77 million, a P/E ratio of -5.35 and a beta of 1.04. The company has a quick ratio of 0.84, a current ratio of 1.23 and a debt-to-equity ratio of 0.75.

Orion Energy Systems (NASDAQ:OESX) last released its quarterly earnings results on Wednesday, November 5th. The electronics maker reported ($0.17) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.72) by $0.55. Orion Energy Systems had a negative net margin of 11.70% and a negative return on equity of 62.99%. The business had revenue of $19.92 million for the quarter, compared to the consensus estimate of $20.30 million. Orion Energy Systems has set its FY 2026 guidance at EPS. As a group, sell-side analysts expect that Orion Energy Systems, Inc. will post -0.32 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the stock. Thompson Davis & CO. Inc. bought a new position in shares of Orion Energy Systems in the 1st quarter valued at approximately $66,000. US Bancorp DE boosted its position in Orion Energy Systems by 5.1% during the first quarter. US Bancorp DE now owns 799,508 shares of the electronics maker’s stock worth $577,000 after purchasing an additional 39,042 shares during the period. Finally, Grace & White Inc. NY grew its holdings in Orion Energy Systems by 3.6% during the second quarter. Grace & White Inc. NY now owns 2,884,085 shares of the electronics maker’s stock valued at $1,731,000 after purchasing an additional 99,499 shares during the last quarter. Institutional investors and hedge funds own 52.59% of the company’s stock.

Orion Energy Systems Company Profile

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).