Orion Energy Systems (NASDAQ:OESX) Rating Lowered to Hold at Zacks Research

Orion Energy Systems (NASDAQ:OESX) was downgraded by equities research analysts at Zacks Research from a “strong-buy” rating to a “hold” rating in a note issued to investors on Tuesday, Zacks reports.

Other analysts have also recently issued reports about the company. HC Wainwright restated a “buy” rating and set a $30.00 price objective on shares of Orion Energy Systems in a research report on Thursday, August 6th. Wall Street Zen upgraded shares of Orion Energy Systems from a “buy” rating to a “strong-buy” rating in a research note on Saturday, August 8th. Finally, Weiss Ratings raised shares of Orion Energy Systems from a “sell (d-)” rating to a “sell (d+)” rating in a report on Wednesday, August 19th. One analyst has rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $30.00.

Orion Energy Systems Stock Down 9.6%

OESX stock opened at $27.60 on Tuesday. Orion Energy Systems has a twelve month low of $7.84 and a twelve month high of $31.00. The company has a market cap of $112.86 million, a PE ratio of -552.00 and a beta of 0.96. The business’s 50-day simple moving average is $16.45 and its 200 day simple moving average is $12.15. The company has a quick ratio of 1.13, a current ratio of 1.54 and a debt-to-equity ratio of 0.33.

Orion Energy Systems (NASDAQ:OESX) last posted its quarterly earnings results on Wednesday, August 5th. The electronics maker reported $0.47 EPS for the quarter, beating 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 firm had revenue of $25.74 million during the quarter, compared to analysts’ expectations of $23.56 million. On average, research analysts anticipate that Orion Energy Systems will post 0.23 earnings per share for the current year.

Institutional Trading of Orion Energy Systems

Institutional investors have recently bought and sold shares of the stock. Quadrature Capital Ltd bought a new stake in Orion Energy Systems in the fourth quarter valued at $202,000. NewEdge Advisors LLC bought a new position in shares of Orion Energy Systems during the fourth quarter valued at $232,000. Marshall Wace LLP acquired a new stake in shares of Orion Energy Systems in the 4th quarter valued at $706,000. Sei Investments Co. boosted its stake in shares of Orion Energy Systems by 114.3% in the 1st quarter. Sei Investments Co. now owns 130,101 shares of the electronics maker’s stock valued at $1,137,000 after purchasing an additional 69,387 shares in the last quarter. Finally, Renaissance Technologies LLC grew its holdings in shares of Orion Energy Systems by 32.4% in the 1st quarter. Renaissance Technologies LLC now owns 178,469 shares of the electronics maker’s stock worth $1,560,000 after purchasing an additional 43,693 shares during the last quarter. Institutional investors and hedge funds own 52.59% of the company’s stock.

About Orion Energy Systems

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.