Orion Energy Systems (NASDAQ:OESX) Lowered to Strong Sell Rating by Zacks Research

Zacks Research cut shares of Orion Energy Systems (NASDAQ:OESX) from a hold rating to a strong sell rating in a research note published on Tuesday morning,Zacks.com reports.

A number of other brokerages also recently issued reports on OESX. Weiss Ratings downgraded Orion Energy Systems from a “sell (d-)” rating to a “sell (e+)” rating in a research report on Thursday, May 14th. Wall Street Zen lowered shares of Orion Energy Systems from a “strong-buy” rating to a “buy” rating in a report on Saturday, June 6th. One equities research analyst has rated the stock with a Buy rating and two have given a Sell rating to the stock. Based on data from MarketBeat, Orion Energy Systems presently has a consensus rating of “Reduce” and an average price target of $20.00.

Orion Energy Systems Price Performance

Shares of Orion Energy Systems stock opened at $16.06 on Tuesday. The firm has a market cap of $65.20 million, a PE ratio of -17.46 and a beta of 0.77. The stock has a 50 day moving average of $10.31 and a 200 day moving average of $10.91. The company has a current ratio of 1.41, a quick ratio of 1.03 and a debt-to-equity ratio of 0.34. Orion Energy Systems has a 12 month low of $5.60 and a 12 month high of $18.64.

Orion Energy Systems (NASDAQ:OESX) last posted its earnings results on Wednesday, August 5th. The electronics maker reported $0.47 earnings per share for the quarter, beating analysts’ consensus estimates of $0.07 by $0.40. Orion Energy Systems had a negative net margin of 3.66% and a negative return on equity of 11.81%. The firm had revenue of $25.74 million during the quarter, compared to analyst estimates of $23.56 million. On average, research analysts expect that Orion Energy Systems will post 0.25 EPS for the current fiscal year.

Institutional Trading of Orion Energy Systems

Hedge funds and other institutional investors have recently bought and sold shares of the business. Quadrature Capital Ltd bought a new position in shares of Orion Energy Systems in the fourth quarter worth about $202,000. NewEdge Advisors LLC raised its stake in shares of Orion Energy Systems by 60.1% during the first quarter. NewEdge Advisors LLC now owns 24,140 shares of the electronics maker’s stock valued at $211,000 after acquiring an additional 9,058 shares in the last quarter. Marshall Wace LLP purchased a new stake in shares of Orion Energy Systems in the fourth quarter valued at approximately $706,000. Sei Investments Co. boosted its holdings in shares of Orion Energy Systems by 114.3% in the first 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 during the period. Finally, Renaissance Technologies LLC grew its stake in Orion Energy Systems by 32.4% in the first 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 in the last quarter. Hedge funds and other institutional investors own 52.59% of the company’s stock.

Orion Energy Systems Company 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.