Orion Energy Systems, Inc. $OESX Shares Sold by North Star Investment Management Corp.

North Star Investment Management Corp. trimmed its position in shares of Orion Energy Systems, Inc. (NASDAQ:OESX) by 1.4% in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 3,658,553 shares of the electronics maker’s stock after selling 52,500 shares during the period. North Star Investment Management Corp. owned 0.11% of Orion Energy Systems worth $2,195,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of OESX. Thompson Davis & CO. Inc. acquired a new position in Orion Energy Systems during the 1st quarter valued at about $66,000. US Bancorp DE lifted its stake in shares of Orion Energy Systems by 5.1% in the 1st quarter. US Bancorp DE now owns 799,508 shares of the electronics maker’s stock worth $577,000 after acquiring an additional 39,042 shares during the period. Finally, Grace & White Inc. NY lifted its stake in shares of Orion Energy Systems by 1.4% in the 1st quarter. Grace & White Inc. NY now owns 2,784,586 shares of the electronics maker’s stock worth $2,008,000 after acquiring an additional 39,042 shares during the period. 52.59% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on OESX. Craig Hallum reduced their price target on shares of Orion Energy Systems from $20.00 to $15.00 and set a “buy” rating for the company in a research note on Friday, June 27th. HC Wainwright upped their price target on shares of Orion Energy Systems to $20.00 and gave the stock a “buy” rating in a research note on Tuesday, September 16th. Two analysts have rated the stock with a Buy rating, Based on data from MarketBeat, Orion Energy Systems currently has a consensus rating of “Buy” and a consensus price target of $17.50.

Orion Energy Systems Stock Up 0.2%

OESX stock opened at $8.82 on Thursday. Orion Energy Systems, Inc. has a 12 month low of $5.50 and a 12 month high of $10.35. The firm has a market cap of $29.37 million, a PE ratio of -3.04 and a beta of 0.90. The firm has a 50 day simple moving average of $7.04 and a 200 day simple moving average of $6.89. The company has a debt-to-equity ratio of 0.75, a current ratio of 1.23 and a quick ratio of 0.84.

Orion Energy Systems (NASDAQ:OESX) last released its earnings results on Wednesday, August 6th. The electronics maker reported ($0.40) EPS for the quarter, beating the consensus estimate of ($0.50) by $0.10. 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 $19.58 million during the quarter, compared to analyst estimates of $20.00 million. Equities research analysts forecast that Orion Energy Systems, Inc. will post -0.32 earnings per share for the current fiscal year.

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).