Orion Energy Systems (NASDAQ:OESX) Stock Price Crosses Above 200-Day Moving Average – What’s Next?

Orion Energy Systems, Inc. (NASDAQ:OESX)’s stock price passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $11.73 and traded as high as $14.35. Orion Energy Systems shares last traded at $12.91, with a volume of 64,403 shares trading hands.

Analyst Upgrades and Downgrades

OESX has been the topic of several research analyst reports. Zacks Research cut shares of Orion Energy Systems from a “strong-buy” rating to a “hold” rating in a research report on Friday, February 6th. Weiss Ratings reiterated a “sell (d-)” rating on shares of Orion Energy Systems in a report on Friday, January 9th. Finally, Wall Street Zen raised Orion Energy Systems to a “strong-buy” rating in a research note on Saturday, December 6th. Two research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $17.50.

Orion Energy Systems Stock Performance

The company has a market cap of $52.53 million, a price-to-earnings ratio of -9.06 and a beta of 0.54. The company has a debt-to-equity ratio of 0.76, a current ratio of 1.35 and a quick ratio of 0.95. The firm has a fifty day simple moving average of $16.03 and a 200 day simple moving average of $11.77.

Orion Energy Systems (NASDAQ:OESX) last posted its quarterly earnings data on Thursday, February 5th. The electronics maker reported $0.04 earnings per share for the quarter, topping the consensus estimate of ($0.18) by $0.22. The business had revenue of $21.09 million during the quarter, compared to analysts’ expectations of $20.81 million. Orion Energy Systems had a negative return on equity of 31.62% and a negative net margin of 5.62%. On average, sell-side analysts expect that Orion Energy Systems, Inc. will post -0.32 earnings per share for the current fiscal year.

Institutional Trading of Orion Energy Systems

Hedge funds have recently bought and sold shares of the stock. Marshall Wace LLP bought a new position in shares of Orion Energy Systems during the 4th quarter worth about $706,000. Tieton Capital Management LLC lifted its stake in shares of Orion Energy Systems by 0.6% in the fourth quarter. Tieton Capital Management LLC now owns 256,194 shares of the electronics maker’s stock valued at $3,940,000 after buying an additional 1,580 shares during the period. Finally, North Star Investment Management Corp. grew its position in Orion Energy Systems by 6.3% during the fourth quarter. North Star Investment Management Corp. now owns 407,452 shares of the electronics maker’s stock worth $6,267,000 after buying an additional 23,998 shares in the last quarter. 52.59% of the stock is owned by institutional investors.

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.