Orion Energy Systems (NASDAQ:OESX) Stock Rating Lowered by Wall Street Zen

Orion Energy Systems (NASDAQ:OESX) was downgraded by equities researchers at Wall Street Zen from a “strong-buy” rating to a “buy” rating in a report released on Saturday, Wall Street Zen reports.

Several other equities analysts also recently commented on the company. HC Wainwright reiterated a “buy” rating and issued a $30.00 price objective on shares of Orion Energy Systems in a research note on Thursday, August 6th. Craig Hallum reissued a “buy” rating and issued a $43.00 target price on shares of Orion Energy Systems in a research report on Tuesday, September 15th. Zacks Research downgraded Orion Energy Systems from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, September 8th. Finally, Weiss Ratings upgraded Orion Energy Systems from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Thursday, October 8th. Two analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $36.50.

Orion Energy Systems Price Performance

Orion Energy Systems stock opened at $12.51 on Friday. The firm has a 50 day moving average price of $24.76 and a 200-day moving average price of $15.05. The company has a quick ratio of 1.13, a current ratio of 1.54 and a debt-to-equity ratio of 0.33. Orion Energy Systems has a twelve month low of $8.58 and a twelve month high of $31.65. The company has a market capitalization of $51.17 million, a P/E ratio of -156.36 and a beta of 0.93.

Institutional Investors Weigh In On Orion Energy Systems

A number of hedge funds and other institutional investors have recently bought and sold shares of OESX. AIGH Capital Management LLC bought a new position in shares of Orion Energy Systems in the third quarter worth $12,414,000. Tieton Capital Management LLC purchased a new position in shares of Orion Energy Systems in the second quarter valued at $3,326,000. Renaissance Technologies LLC raised its stake in shares of Orion Energy Systems by 32.4% during the 1st quarter. Renaissance Technologies LLC now owns 178,469 shares of the electronics maker’s stock valued at $1,560,000 after purchasing an additional 43,693 shares during the period. Sei Investments Co. raised its stake in shares of Orion Energy Systems by 114.3% during the 1st 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, NewEdge Advisors LLC raised its stake in shares of Orion Energy Systems by 60.1% during the 1st quarter. NewEdge Advisors LLC now owns 24,140 shares of the electronics maker’s stock valued at $211,000 after purchasing an additional 9,058 shares during the period. Institutional investors own 52.59% of the company’s stock.

Orion Energy Systems Company Profile

Orion Energy Systems, Inc (NASDAQ: OESX) is an energy-efficiency technology company that designs, manufactures and delivers lighting and energy-management solutions for commercial and industrial facilities. Its offerings are intended to help organizations improve illumination, reduce energy consumption and modernize building operations.

The company’s products and services include LED lighting fixtures and retrofit systems, intelligent lighting controls, and related energy-management technologies.