Orion Energy Systems (NASDAQ:OESX) Stock Passes Above 200 Day Moving Average – Time to Sell?

Orion Energy Systems, Inc. (NASDAQ:OESX) shares passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $11.84 and traded as high as $25.12. Orion Energy Systems shares last traded at $25.00, with a volume of 65,977 shares trading hands.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on OESX shares. 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. HC Wainwright restated a “buy” rating and issued a $30.00 price target on shares of Orion Energy Systems in a research report on Thursday, August 6th. Zacks Research upgraded shares of Orion Energy Systems from a “strong sell” rating to a “strong-buy” rating in a report on Monday, August 10th. Finally, Weiss Ratings raised shares of Orion Energy Systems from a “sell (d-)” rating to a “sell (d+)” rating in a research report on Wednesday, August 19th. One investment analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and one has issued a Sell rating to the stock. According to MarketBeat, Orion Energy Systems has a consensus rating of “Moderate Buy” and an average target price of $30.00.

Orion Energy Systems Trading Up 7.9%

The business has a 50-day moving average price of $15.50 and a 200-day moving average price of $11.84. The company has a quick ratio of 1.13, a current ratio of 1.54 and a debt-to-equity ratio of 0.33. The firm has a market capitalization of $102.25 million, a P/E ratio of -500.00 and a beta of 0.96.

Orion Energy Systems (NASDAQ:OESX) last posted its quarterly earnings results on Wednesday, August 5th. The electronics maker reported $0.47 earnings per share for the quarter, topping analysts’ consensus estimates of $0.07 by $0.40. The firm had revenue of $25.74 million for the quarter, compared to the consensus estimate of $23.56 million. Orion Energy Systems had a net margin of 0.04% and a return on equity of 11.66%. Analysts anticipate that Orion Energy Systems, Inc. will post 0.23 earnings per share for the current year.

Institutional Investors Weigh In On Orion Energy Systems

A number of institutional investors have recently added to or reduced their stakes in OESX. Quadrature Capital Ltd acquired a new position in shares of Orion Energy Systems in the 4th quarter worth approximately $202,000. NewEdge Advisors LLC boosted its stake in Orion Energy Systems by 60.1% in the 1st quarter. NewEdge Advisors LLC now owns 24,140 shares of the electronics maker’s stock valued at $211,000 after buying an additional 9,058 shares in the last quarter. Marshall Wace LLP bought a new stake in Orion Energy Systems in the fourth quarter valued at $706,000. Sei Investments Co. raised its stake in Orion Energy Systems by 114.3% during the first quarter. Sei Investments Co. now owns 130,101 shares of the electronics maker’s stock worth $1,137,000 after acquiring an additional 69,387 shares in the last quarter. Finally, Renaissance Technologies LLC lifted its holdings in shares of Orion Energy Systems by 32.4% during the first quarter. Renaissance Technologies LLC now owns 178,469 shares of the electronics maker’s stock valued at $1,560,000 after acquiring an additional 43,693 shares during the period. 52.59% of the stock is owned by institutional investors and hedge funds.

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.