Penbrook Management LLC Decreases Position in Orion Energy Systems, Inc. $OESX

Penbrook Management LLC lessened its stake in Orion Energy Systems, Inc. (NASDAQ:OESX) by 90.7% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 16,644 shares of the electronics maker’s stock after selling 163,281 shares during the quarter. Penbrook Management LLC owned approximately 0.50% of Orion Energy Systems worth $146,000 at the end of the most recent quarter.

Separately, Grace & White Inc. NY increased its position in Orion Energy Systems by 3.6% in the second quarter. Grace & White Inc. NY now owns 2,884,085 shares of the electronics maker’s stock worth $1,731,000 after buying an additional 99,499 shares during the last quarter. Institutional investors and hedge funds own 52.59% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on OESX shares. HC Wainwright upped their price target on Orion Energy Systems to $20.00 and gave the company a “buy” rating in a research report on Tuesday, September 16th. Weiss Ratings restated a “sell (d-)” rating on shares of Orion Energy Systems in a research note on Tuesday, October 14th. Finally, Wall Street Zen raised shares of Orion Energy Systems to a “strong-buy” rating in a report on Saturday, December 6th. Two investment analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $17.50.

Orion Energy Systems Price Performance

Shares of NASDAQ OESX opened at $17.90 on Wednesday. The company has a debt-to-equity ratio of 0.81, a quick ratio of 0.90 and a current ratio of 1.34. Orion Energy Systems, Inc. has a fifty-two week low of $5.50 and a fifty-two week high of $18.60. The stock has a market cap of $63.19 million, a PE ratio of -9.09 and a beta of 0.53. The stock has a fifty day moving average of $14.70 and a 200-day moving average of $9.93.

Orion Energy Systems (NASDAQ:OESX) last issued its quarterly earnings data on Wednesday, November 5th. The electronics maker reported ($0.17) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.72) by $0.55. Orion Energy Systems had a negative return on equity of 43.64% and a negative net margin of 7.81%.The business had revenue of $19.92 million for the quarter, compared to analysts’ expectations of $20.30 million. Equities research analysts anticipate that Orion Energy Systems, Inc. will post -0.32 earnings per share for the current year.

Orion Energy Systems Profile

Orion Energy Systems, Inc is a U.S.-based provider of energy-efficient lighting and building controls solutions. Founded in 1996 and headquartered in Manitowoc, Wisconsin, the company specializes in designing, manufacturing and deploying LED lighting fixtures and integrated energy management systems for commercial and industrial customers.

The company’s product portfolio includes a range of LED light fixtures, smart sensors, networked controls and cloud-based energy management software.