Orion Energy Systems, Inc. (NASDAQ:OESX – Get Free Report)’s stock price crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $0.94 and traded as high as $1.08. Orion Energy Systems shares last traded at $1.06, with a volume of 81,795 shares trading hands.
Wall Street Analyst Weigh In
OESX has been the topic of several recent analyst reports. StockNews.com initiated coverage on Orion Energy Systems in a research note on Tuesday. They set a “hold” rating on the stock. HC Wainwright dropped their price objective on Orion Energy Systems from $7.00 to $3.00 and set a “buy” rating on the stock in a research note on Thursday, February 8th.
View Our Latest Stock Analysis on OESX
Orion Energy Systems Stock Down 0.9 %
Institutional Investors Weigh In On Orion Energy Systems
A number of hedge funds have recently made changes to their positions in OESX. Grace & White Inc. NY raised its stake in shares of Orion Energy Systems by 154.0% during the 4th quarter. Grace & White Inc. NY now owns 2,630,829 shares of the electronics maker’s stock worth $2,280,000 after purchasing an additional 1,594,972 shares during the period. North Star Investment Management Corp. raised its stake in Orion Energy Systems by 33.2% in the 4th quarter. North Star Investment Management Corp. now owns 3,813,702 shares of the electronics maker’s stock valued at $3,305,000 after acquiring an additional 951,240 shares during the period. Finally, US Bancorp DE raised its stake in Orion Energy Systems by 111.5% in the 4th quarter. US Bancorp DE now owns 952,274 shares of the electronics maker’s stock valued at $825,000 after acquiring an additional 502,023 shares during the period. 52.59% of the stock is currently owned by institutional investors.
Orion Energy Systems Company Profile
Orion Energy Systems, Inc researches, designs, develops, manufactures, markets, sells, installs, and implements energy management systems for commercial office and retail, exterior area lighting, and industrial applications in North America. The company operates through three segments: Orion Services Group, Orion Distribution Services, and Orion U.S.
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