Orion Energy Systems, Inc. (OESX) Stock Rating Reaffirmed by HC Wainwright
Other equities analysts have also issued reports about the stock. Zacks Investment Research raised shares of Orion Energy Systems from a sell rating to a hold rating in a report on Thursday, August 10th. ValuEngine lowered shares of Orion Energy Systems from a sell rating to a strong sell rating in a report on Friday, September 1st. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and two have issued a buy rating to the company’s stock. The stock currently has an average rating of Hold and a consensus target price of $1.67.
Orion Energy Systems (NASDAQ:OESX) opened at $0.89 on Friday. The company has a quick ratio of 1.32, a current ratio of 1.97 and a debt-to-equity ratio of 0.12. Orion Energy Systems has a 1-year low of $0.80 and a 1-year high of $2.57.
Orion Energy Systems (NASDAQ:OESX) last released its quarterly earnings results on Friday, August 4th. The electronics maker reported ($0.17) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.13) by ($0.04). Orion Energy Systems had a negative return on equity of 48.48% and a negative net margin of 29.13%. The firm had revenue of $12.56 million during the quarter, compared to analysts’ expectations of $15.94 million. equities analysts forecast that Orion Energy Systems will post -0.47 EPS for the current year.
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A number of hedge funds and other institutional investors have recently added to or reduced their stakes in OESX. Prudential Financial Inc. grew its holdings in Orion Energy Systems by 0.9% in the first quarter. Prudential Financial Inc. now owns 92,700 shares of the electronics maker’s stock worth $184,000 after purchasing an additional 800 shares during the last quarter. Dimensional Fund Advisors LP grew its holdings in shares of Orion Energy Systems by 4.4% during the first quarter. Dimensional Fund Advisors LP now owns 478,694 shares of the electronics maker’s stock valued at $948,000 after buying an additional 20,146 shares during the last quarter. Renaissance Technologies LLC grew its holdings in shares of Orion Energy Systems by 7.2% during the first quarter. Renaissance Technologies LLC now owns 807,500 shares of the electronics maker’s stock valued at $1,599,000 after buying an additional 54,000 shares during the last quarter. North Star Investment Management Corp. grew its holdings in shares of Orion Energy Systems by 7.0% during the second quarter. North Star Investment Management Corp. now owns 2,830,964 shares of the electronics maker’s stock valued at $3,624,000 after buying an additional 185,000 shares during the last quarter. Finally, IFC Holdings Incorporated FL purchased a new stake in shares of Orion Energy Systems during the second quarter valued at $128,000. 44.90% of the stock is currently owned by institutional investors and hedge funds.
About Orion Energy Systems
Orion Energy Systems, Inc is a designer and manufacturer of lighting platforms. The Company researches, develops, designs, manufactures, markets, sells and implements energy management systems consisting primarily of commercial and industrial interior and exterior lighting systems, and related services.
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